Mn ore quotes have yet to reach bottom

摘要

China's Mn ore port stocks dropped to 4.11 million t by late June (still up by 5 from May's monthly average). The world's largest Mn ore exporters cut their July prices by 6?10. Manganese ore stock quotes inched down only by 2?3 since Chinese re-sellers are no longer profitable and are trying to resist a price slide. Steel overproduction is becoming more likely in China amid a possible trade war escalation with the US among other reasons. This may affect the steel and raw material markets by autumn.