Growing Stocks to Weigh on Manganese Ore Prices at Chinese Ports Next Week

Nov 6, 2015 17:03

Source:SMM

Prices for imported manganese ore at Chinese ports will come under heavy downward pressure next week from growing port stocks, SMM sees.

SHANGHAI, Nov. 6 (SMM) –Prices for imported manganese ore at Chinese ports will come under heavy downward pressure next week from growing port stocks, SMM sees.

As of November 6, stocks at major Chinese ports hit 2.69 million tonnes, up almost 40,000 tonnes from a week ago.

Wait-and-see sentiment remains strong among downstream buyers, another drag on ore prices.

The table below shows prices of imported manganese ore at China’s major ports:

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China manganese ore prices

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Growing Stocks to Weigh on Manganese Ore Prices at Chinese Ports Next Week

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