China’s total exports of wrought manganese, manganese products, unwrought manganese and scrap materials and powder stood at 51,958.18 mt in June, up 70.96% month on month and 101.96% year on year, according to SMM statistics.
Almost all medium-sized ferrochrome plants in Ulan Qab suspended production last week. Individual producers are scheduling maintenance even with stable production.
Data showed that the iron ore arrivals at port last week (7.18-7.24) were expected to be 1,198 mt, down 650,000 mt from the previous week and down 2.98 million from same period last year, according to SMM. Imported iron ore arrivals have fallen for three consecutive weeks, offering some support to iron ore prices.
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 28, 2021
Spot manganese factory prices after tax in leading production locations fluctuated between 22400-22500 yuan/mt today, an increase of 1100 yuan/mt from yesterday.
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