China’s Mn ore port stocks rise on low demand

摘要

China’s manganese ore stocks at major ports rose on low demand following a slight decline a week earlier, driven by higher restocking requirements from alloy producers ahead of national day and mid-autumn festival holidays from 1-8 October, according to Chinese importers. Total stocks at China’s major ports rose by 2pc from the previous week to 6.67mn t today, the highest level since ear- ly 2018 when Argus started compiling data on the country’s ore inventories at major ports. Most alloy producers reduced their intake after purchasing plentiful inventories a week earlier to avoid the problem of limited transport services during 1-8 October holiday.