No sign of improvement in Chinese manganese ore market

The Chinese domestic manganese ore market has continued to move on a downward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $3.28/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $3.43/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $2.97/dmtu, while offers of South African lump ore of 38 percent Mn content are at $2.97/dmtu.
 
Overall trading activity has remained sluggish in the Chinese manganese ore market in the past seven days. Meanwhile, on the downstream side, prices in the manganese alloy market have moved on a soft trend. It is believed that prices of manganese ore in China will continue to follow a declining trend in the week ahead.