Manganese ore stocks at major Chinese ports have declined to a seven-month low amid continuously increased ore consumption among manganese alloy smelters in recent months.
Fastmarkets assessed manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou at 5.76 million-5.87 million tonnes on Monday May 17, down by 2.84% from 5.93 million-6.04 million tonnes the previous week and the lowest level since October 5, 2020.Manganese ore inventories at major Chinese ports nearly doubled in the second half of last year to an unpreceded level. More specifically, Fastmarkets' inventories assessment peaked at 6.71 million-6.91 million tonnes on November 23, 2020, up by 3.015 million tonnes (79.45%) at the midpoint from 3.71 million-3.88 million tonnes on June 22,...