China's manganese ore imports rose by 42% in May
2019-05-01 15:05:27
Abstract Since the operating rate of the ferroalloy plant is expected to increase during the wet season starting in May, China's manganese ore traders have increased their manganese ore imports in May. China's customs data shows that in May, China's manganese ore imports were 147,826 tons, the ring
China's manganese ore traders have increased their manganese ore imports in May due to the expected increase in the operating rate of the ferroalloy plant during the wet season starting in May. China's customs data shows that in May, China's manganese ore imports were 147,826 tons, an increase of 41.7% from the previous month and an increase of 31.2%.
With the increase in the amount of imported manganese ore, the price of manganese ore began to decrease. In May, the supply of manganese ore in South Africa increased especially. As demand has not increased, the increase in imports will lead to a price decline.
The price of imported manganese ore has been on a downward trend since last week due to the poor demand for manganese ore from manganese alloy plants. The FOB price of 38% manganese mine in Port Elizabeth, South Africa, was 3.96 US dollars / ton, down 7 cents last week; MB China Tianjin Port 44% manganese mine CIF offer 5.59 US dollars / ton, down 3 cents last week.
In May of this year, China imported 471,594 tons of manganese ore from South Africa, an increase of 72.4% from the previous month and a year-on-year increase of 69.5%. China imported 485,416 tons of manganese ore from Australia, up 41.1% from the previous month and up 39.2% from the same period of last year. Australia is the country with the largest imports of manganese ore in China in May.
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