The Chinese domestic manganese ore market has followed a stable trend during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.23/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.39/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.74/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.66/dmtu.
Overall trading activity in the Chinese manganese ore market has remained sluggish Traders hold fewer inventories, while demand volumes are low. Downstream manganese alloy prices are stable at low levels and so they do not provide much support for the manganese ore market. For the coming week, it is believed that domestic manganese ore prices may continue their stable trend.