The Chinese domestic manganese ore market has indicated a downward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $3.90/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.14/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.52/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.40/dmtu.
Prices in the local Chinese manganese ore market have declined in the past week. Since downstream alloy prices continued their downward trend, local Chinese manganese ore market can hardly get any support to maintain its stable trend. Most traders have decreased their manganese prices to stimulate sales activities but overall trade volume has remained slack. For the next week experts believe that the market may move on a stable trend with an expectation of an increase in trading activity.