Some pressure from downstream side in Chinese manganese ore market

The Chinese domestic manganese ore market has continued its stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.11/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.27/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.64/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.48/dmtu.
 
Overall trading activity in the Chinese manganese ore market has remained at low levels in the past seven days. Downstream manganese alloy prices have softened slightly, thereby exerting some negative pressure on the manganese ore market, with some traders willing to offer discounts. Overseas miners are mostly keeping their ore quotations stable. It is expected that the domestic manganese ore market will follow a slight downtrend in the week ahead.