According to the Brazilian customs, the country has witnessed a substantial decrease of 38% M-o-M in its Manganese Ore exports.
Brazilian Manganese Ore export in Aug’17 was at 0.24 MnT against 0.39 MnT in Jul’17. However, on yearly basis, Brazilian Manganese Ore exports reflected the exact same volume of 0.24 MnT in Aug’16.
China’s Appetite for Manganese Ore
China stands out to be the largest importer of Brazilian manganese ore, importing 0.15 MnT in Aug’17, followed by other South American countries like Uruguay and Argentina. China imported more than 60% of the total Manganese Ore exported by Brazil. However, in Aug’17 China witnessed a substantial decrease of 53%M-o-M in its Manganese Ore imports from Brazil.
Global Manganese Ore Scenario
Considering the improvement in demand for Manganese Alloys in China amid strong steel fundamentals, the prices of Manganese Ore has elevated. Moreover, due to logistical and transportation issues in South Africa, there has been a shortage of ore and its prices are expected to stay firm.
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