The Chinese domestic manganese ore market has indicated a slightly soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.04/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.20/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.80/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.55/dmtu.
With quotations of overseas miners indicating a significant decrease, domestic manganese ore prices in China have declined during the past few weeks. Downstream manganese alloy producers have been putting downward pressure on ore prices and so traders have had to decrease their prices in order to attract deals. The overall trading volume in the market has increased slightly. It is thought that overseas miners' quotations may remain unchanged for April. In the meantime, as for the coming week, Chinese domestic manganese ore prices may again indicate a slight softening.