Manganese ore stocks at Chinese ports climb to 3m tonnes

13 February 2017

Manganese ore inventories at ports in China have jumped by one-third in one month to about 3 million tonnes on higher imports and lower consumption due the Lunar New Year break, as well as falling prices.

Stocks at Chinese ports now stand at about 2.9-3.1 million tonnes, up 700-800,000 tonnes or 32-35% from four weeks ago, when the figure was 2.2-2.3 million tonnes, according to sources in China. However, that represents a 75% rise on the 1.7-1.75 million tonnes at the beginning of December. The stocks in Tianjin port alone, the Chinese port that takes in the largest amount of manganese ore, stand at about 2.1-2.3 million tonnes, 400-500,000 tonnes more than the level in early January. “We have just counted the inventory in the port of Tianjin. There is more than 2.1 million tonnes of manganese ore at this port.

Source – MB