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Print[Ferro-Alloys.com] The imported manganese ore spot market is quite calm recently since there is no good news to stimulate the market. Even some unfavorable factors exist, it is still not enough to depress the market price. Therefore, it is expected that the market would remain steady. Many aspects of factors could support this idea：
Firstly, port ore inventory increased slightly in July, to 2.75 million tons. The market has not appeared overheated and excess supply sign since the port spot transaction status has been relatively smooth.
Secondly, although South Africa, Brazil, Zambia, Morocco and other countries have reduced slightly the price for manganese ore, quotation from BHP has been stable. The mainstream market quotation is positive significant to stabilize market prospect.
Thirdly, the downturn of GDP growth rate has stimulated a series of national regulatory policy published. However, there is no sign of market rebound in manganese ore because most companies are not optimistic for the future. Market participants should wait until September or October as it may appears a market rebound. The port manganese ore traders have been used to control inventory and timely delivery, and not to take a risk. All these factors would make market to remain steady.
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Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
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