The Chinese domestic manganese ore market has remained on a stable trend over the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.53/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.69/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.37/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.80/dmtu.
Overall trading activity in the Chinese manganese ore market has continued to be slack in the past week, with manganese ore traders reluctant to risk building up their stocks and only purchasing in line with their needs. Overseas miners have issued their quotations for December, keeping them unchanged from November prices. Traders state that demand is low because of the weakness of the downstream alloy market, while profit margins are quite small given overseas miners' stable quotations. For the coming week, it is believed that the domestic manganese ore market may continue its sideways movement.