China's domestic manganese ore market has moved on a downward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.05-$7.13/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.29/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are in the range of $6.73/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.75/dmtu.
Jersey-headquartered miner Consolidated Minerals Ltd (CML) has released reduced manganese ore quotations for September delivery, following the reduction already announced by Australian miner BHP Billiton. Other overseas manganese ore producers have also reduced their quotations. Manganese ore prices at Chinese ports have indicated a decrease during the past week and market experts believe that this soft trend will continue. Although the price of lump ore from Gabon at Chinese ports has moved on a stable trend during the past week, the price of this Gabon-origin material is expected to follow the general downward price trend in the coming period. Manganese ore prices in China will likely continue their slight downtrend during the week ahead.