Negative factors prevail in Chinese manganese ore market

The Chinese domestic manganese ore market has moved on a slight downtrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $3.75/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $3.91/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.36/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.28/dmtu.
 
Trading activity in the Chinese domestic manganese ore market has remained slack, weakening further in the past week. The reductions in overseas miners' manganese ore quotations for October shipment and the decreases in manganese alloy prices mean that there is a lack of support for manganese ore prices in China. In addition, foreign miners' quotations for November shipment are also expected to indicate declines. As for the week ahead, it is thought that domestic manganese ore prices may continue to see slight decreases.