According to the Brazilian customs, the country has witnessed a mammoth increase of about 217% M-o-M in its Manganese Ore exports.
Brazilian Manganese Ore export in Oct’17 was at 0.38 MnT against 0.12 MnT in Sep’17. Moreover, on yearly basis, Brazilian Manganese Ore exports reflected a massive increase of more than 100% as it was 0.18 MnT in Oct’16.
China’s Appetite for Brazilian Manganese Ore
China stands out to be the largest importer of Brazilian manganese ore, importing 0.30 MnT in Oct’17, followed by Uruguay at 0.08 MnT – the only two countries that imported Manganese Ore from Brazil in Oct’17. China imported more than 75% of the total Manganese Ore exported by Brazil. Moreover, in Oct’17 China witnessed a substantial M-o-M increase of around 275% in its Manganese Ore imports from Brazil.
Global Manganese Ore Scenario
Chinese buyers have preferred the high-grade Manganese Ore lending support to firm offers, while offers for low-grade ore have witnessed a marginal fall. However, the overall demand for the commodity has been soft owing to sluggish inquiries for Manganese alloys in China and is expected to remain low during the winters.
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