Sentiment improves 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 $3.05/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $3.12/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $2.81/dmtu, while offers of South African lump ore of 38 percent Mn content are at $2.73/dmtu.
 
Overseas miners' manganese ore quotations for China have increased slightly compared to last month, while downstream manganese alloy market prices in China have rebounded slightly, thereby boosting sentiment in the domestic manganese ore market. In addition, inventory levels of manganese ore are relatively low. It is believed that the manganese ore market in China may move up slightly in the coming week.