Weekly Review of imported Manganese Mine (5.11-5.15): Tianjin inventory approaching 2.6 million tons has improved somewhat

The imported manganese ore market showed a weak and stable trend this week. In order to maintain a stable shipment price of 0.5-1 yuan per tonne compared with last week, the transaction situation has improved. Gabon and Brazil traded better this week.

As of Friday, 45.5% of Tianjin Hong Kong and Macao blocks had been quoted at 56-58 yuan / tonnage, the actual transaction price was 55.5-57 yuan / tonnage, Gabon 44% mainstream quotation 55-56 yuan / tonnage, actual transaction price 54-55 yuan / tonnage, 36% South Africa semi-carbonic acid mainstream quotation 54-57 yuan / tonnage, actual transaction price 53-54.5 yuan / tonnage, 33% South Africa high-speed rail quotation and transaction price 46-47 yuan / tonnage. The actual transaction is 46 yuan / tonnage; Qinzhou Hong Kong and Macao 45.5% mainstream quotation 56-58 yuan / tonnage, the actual transaction price 55-57 yuan / tonnage, Gabon 44% mainstream quotation 5657 yuan / tonnage, the actual transaction price 53-55 yuan / tonnage, 36% South Africa semi-carbonic acid mainstream quotation 57-58 yuan / tonnage, the actual transaction price 54.5-56 yuan / tonnage, South Africa high-speed railway and South Africa China Railway lack of spot, no quotation.

Total inventories of manganese mines in Tianjin Port fell to 2.63 million tonnes this week, of which South African stocks have fallen by nearly 40 per cent, and some traders say some of South Africa's mines are largely out of stock. According to historical data, after the existence of Tianjin Port Depot dropped to 2.6 million tons, manganese mine prices may rebound slightly. Whether the current round of the market can be repeated in history remains to be done next week.