The minor downticks in prices in the Chinese manganese ore market in the past week have in particular been observed in prices of Australia lump ore, with inventories of Australian lump ore at southern Chinese ports on the high side. Overall trading activity in the market is still slack especially due to the weakness of the downstream manganese alloy market. As for the coming week, it is believed that the Chinese domestic manganese ore market may move on an overall stable trend.
No improvement in Chinese manganese ore market
Chinese domestic manganese ore prices have indicated slight decreases for certain grades during the past week, while other prices have moved sideways. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.28/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.53/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.20/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.72/dmtu.
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