The Chinese domestic manganese ore market has followed a downward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.23/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.92/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.31/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.00/dmtu.
Overall trading activity in the Chinese manganese ore market is currently sluggish against the backdrop of the declining price trend. Meanwhile, the downstream manganese alloy market is also characterized by a soft price trend. The increase in inventory levels last week has contributed to the decreases in prices of manganese ore. As for the coming week, it is believed that the domestic manganese ore market price may resume a stable trend amid anticipated reductions in supply volumes and expectations of greater stability in the manganese alloy market.