The Chinese domestic manganese ore market has moved on a stable trend during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.28/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.53/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.20/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.72/dmtu.
While the Chinese manganese ore market has trended sideways in the past week, overseas miners' new quotations released during the week indicated a slight softening of about $0.1-0.3/dmtu. In the meantime, overall trading activity in the Chinese market is still slack, while supply volumes have remained at high levels. For the coming week, it is thought that manganese ore prices in China may follow a slight downtrend.