The Chinese domestic manganese ore market has mostly followed a stable trend in the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.00/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.84/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.00/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 at low levels. Downstream manganese alloy prices are still characterized by softness, though decrease margins have been smaller in the past week. Supply volumes from overseas miners have increased compared to last month and this may exert downward pressure on prices in the near future. As for the coming week, the Chinese manganese ore market price may move on a slightly soft trend.