Chinese manganese ore port inventories plunge due to buyers' rush for cargoes

Manganese ore inventory levels in the ports of Tianjin and Qinzhou in China have fallen below the 2.3 million tonne mark on low import volumes and strong downstream demand, which has been deemed as an uncomfortable inventory level by Chinese participants.

According to Metal Bulletin’s survey, the combined manganese ore inventory level at the ports of Tianjin and Qinzhou plunged to 2.1-2.2 million tonnes, down 20% from September 6. “The [combined] inventory level at these two main ports is uncomfortably tight at present. This had led to both traders and buyers accepting tenders at higher price points since the start...

Published

Quintella Koh

September 20, 2017

15:05 GMT

Singapore