Despite no immediate concerns about inventory shortages, the supply gap for Australian lump has not yet been filled

Published: Jul 18, 2024 09:48

Source: SMM

Save

In June, China's manganese ore inventory was 5.07 million mt, up 4.96% MoM but down 20.53% YoY.

In June, China's manganese ore inventory was 5.07 million mt, up 4.96% MoM but down 20.53% YoY. Based on the current manganese ore shipment and inventory data, there are no immediate concerns about inventory shortages. However, the supply gap for Australian lump has not yet been filled, and some miners still have certain expectations for the price outlook. It is expected that in July, the market will remain in a stalemate. The support for manganese ore prices will require significant destocking at ports.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

[SMM Analysis] Magnesium Exports Surge in Early 2026, Geopolitical Turmoil Threatens Q2 Outlook

Jan-Feb 2026 China magnesium exports reached 72.7kt, up 3.4kt YoY. Magnesium alloy led with +33.1% YoY, orders booked through April. Magnesium ingot fell 6.8% due to weak European demand, while powder grew 10.3%. However, US-Israel conflict disrupted Middle East aluminum plants, halting regional magnesium orders and pressuring Q2 outlook despite the strong start.

11 hours ago

Scrap Tungsten Market Saw a Slight Price Collapse, While Ore and Upstream Smelting Products Consolidated Sideways [SMM Tungsten Daily Review]

[SMM Tungsten Daily Review: Slight Price Collapse in the Scrap Tungsten Market, Ore and Upstream Smelting Products Consolidated Sideways] SMM News, March 23 In the short term, prices across the tungsten industry chain still showed divergence between primary and recycled materials. China was currently in a transition period marked by tightening supply on the raw ore side and a rising utilization rate of recycled materials. Smelters still needed some time to adjust their restocking practices and complete the adaptation and transition from a long-term contract pricing model led by the ore side to a scrap tungsten market procurement model featuring higher-frequency transactions and greater sensitivity to sentiment.

11 hours ago

14 hours ago

【SMM Analysis】Falling Chrome Ore Imports, Supported by Demand and Costs, Drive Strong Price Performance

Combined for January and February 2026, China’s cumulative chrome ore imports reached 4.0144 million tons, up 13.2% year-on-year. Breakdown by origin: imports from South Africa were 3.2422 million tons (up 6.2% year-on-year), imports from Turkey were 184,700 tons (up 55.8% year-on-year), and imports from Zimbabwe were 400,000 tons (up 70.3% year-on-year).

14 hours ago