Negative pressures in Chinese manganese ore market

The Chinese domestic manganese ore market has followed a stable trend 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.
 
Overall trading activity in the Chinese domestic manganese ore market has remained at low levels during the past week, with demand from the downstream side currently sluggish. Overseas miners' ore quotations for November shipment have indicated relatively large decreases, while the manganese alloy market has moved on a soft trend. As for the coming week, it is believed that the domestic manganese ore market may move on a downward trend.