Manganese ore stocks across Chinese ports totalled 6.5 million mt in February, a month-on-month drop of 1.66% but a year-on-year increase of 14.41%.
Arrivals of Australian ore decreased noticeably in February. And because sellers resumed operation late after the Chinese New Year holidays, the downstream purchasing enthusiasm did not recover until the end of the month. Therefore, manganese ore stocks only dropped slightly.
Source: SMM Information & Technology