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Falling Inventories to Support Mn Ore Prices at Chinese Ports (Jun. 1-5, 2015)
May 29, 2015 17:19Source:SMM
Manganese ore prices at Chinese ports are unlikely to fall next week, Shanghai Metals Market foresees.
SHANGHAI, May 29 (SMM) – Manganese ore prices at Chinese ports are unlikely to fall next week, Shanghai Metals Market foresees.
Inventories at Chinese ports fell to 2.76 million tonnes as of May 29, down 40,000 tonnes from a week ago, SMM data showed.
Besides, major overseas suppliers kept offers for Chinese buyers unchanged in June, another support for port prices.
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