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The quotation of manganese ore is still strong due to high cost

Time:Tue, 07 Sep 2021 11:04:40 +0800

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Due to limited production by consumption control in some domestic production areas, the consumption of manganese ore is reasonably reduced, but the quotation of manganese ore is still strong, and some even increase their offers. The main reason is that the ore holding costs of all parties are high. Today, the spot price in South China's ports is increased by 1-2 yuan/dmtu. 

 In terms of inventory, Tianjin Port manganese ore inventory is about 3.9 million tons, and the overall performance is stable, but the inventory of southern ports are still high. In terms of shipment volume, the shipment of manganese ore from South Africa to China was decreased last week. Recently, sea freight is still high. The enthusiasm of chartering enterprises is not high. There are few recent orders.

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