The overall imports of manganese ore slightly declined in June amid pessimistic downstream demand

Published: Jul 30, 2024 13:47

Source: SMM

Save

According to the latest release from the General Administration of Customs, in June 2024, China's imports of manganese ore were 2.14 million mt, down 12.30% MoM and 15% YoY.

According to the latest release from the General Administration of Customs, in June 2024, China's imports of manganese ore were 2.14 million mt, down 12.30% MoM and 15% YoY. H1 imports totalled 14.02 million mt, down 8.84% YoY.

The imports of manganese ore in June slightly decreased, with no significant fluctuations compared to May. Among them, the top five manganese ore import sources were: South Africa (1,218,498 mt), Ghana (607,658 mt), Gabon (152,390 mt), Myanmar (71,647 mt), and Australia (49,073 mt), totalling 2,321,227.126 mt, accounting for 95.1% of the total.

The imports from South Africa increased, with stable demand from downstream alloy plants. Due to port impacts, the saleable volume of Australian manganese ore continued to decline, and it is expected to resume normal levels by 2025. However, due to adjustments in ports, manganese ore inventory at alloy plants and furnace charge ratios, current production has not been significantly restricted.

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

7 hours ago

Titanium Industry and National Titanium Graphite Electrode (RP φ700) Procurement Tender

7 hours ago

PanGang Vanadium Graphite Electrode (UHP φ400) Procurement Tender

7 hours ago

Titanium Market Diverged After the Holiday, Titanium Dioxide Leads the Gains While Titanium Products Steadily Recover [SMM Titanium Weekly Review]

[SMM Titanium Weekly Review: Titanium Market Diverged Post-Holiday, Titanium Dioxide Led Gains While Titanium Products Steadily Recovered] This week, the titanium industry chain showed divergent performance. Titanium concentrate operated steadily, with mines awaiting new March orders. Sentiment for titanium dioxide price hikes remained strong, led by the chloride process; high sulphuric acid costs supported expectations for price increases, though actual implementation still depends on demand follow-through. Titanium slag was in the doldrums, under cost pressure, with prices consolidating at the bottom. Sponge titanium saw weak supply and demand, prices held steady, and future performance relies on downstream restocking to boost recovery. The titanium products market recovered steadily, mainly driven by rigid demand restocking, and is expected to stabilize next week.

7 hours ago