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Weekly Review of imported Manganese Ore (10.14-10.18): up to 4.37 million tons of inventory traders struggle to support
Oct 18,2019 17:47CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

The price of imported manganese ore fell this week, traders increasingly serious losses, continue to look at the low price market, downstream procurement is more cautious and prudent, the general transaction situation within the week, coupled with the concentration of Hong Kong, inventory ushered in an all-time high.

截至本周五,天津港澳块46%主流报价43-43.5元/吨度,南非半碳酸36%主流报价39-40元/吨度,加蓬44%主流报价41-42元/吨度,巴西44%主流报价41-42.5元/吨度;钦州港澳块46%主流报价43-44元/吨度,南非半碳酸36%主流报价40-41元/吨度,加蓬44%主流报价41-42元/吨度,巴西44%主流报价42-42.5元/吨度。各锰矿种报价环比上周降幅均超过2元/吨度,实际成交价降幅约2.5元/吨度,据个别贸易商表示,目前矿价平均亏损约2.3-3.1元/吨度。

On the inventory side, Tianjin Port stocks of 3.094 million tons, back to the "300" era, and refreshed this year and a record high of 3.045 million tons, an increase of 5.32 per cent over the previous week, and 1.02 million tons in Qinzhou Port, an increase of 9.78 per cent over the previous week. Continue to fall in the middle and lower reaches of the market procurement is more cautious, this week transaction situation is general, second-hand traders choose to accept spot proportion is even more minority, asked to postpone the original transaction for two weeks is no longer a small number, coupled with this week 15, 17 arrival volume is larger, before some futures sales situation is poor, inventory accumulation is serious. Some traders said that under the pressure of inventory and price, they may launch the market for a short time; some non-mainstream mines such as Zambia and Ivorian manganese mines have also chosen to stay in Hong Kong to stop shipping to China.

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