Best to be a chicken and be careful, otherwise go broke.
There is more of a chance that the manganese ore price will go down, due to less manganese alloys being produced in China. Steel production down, therefore Mn alloy production down, plus expensive power now at US$0.11 to US$0.13/kWh
"The price has fallen, and the electricity bill has not yet been finalized. The customer said that the later electricity bill will be between 0.73 yuan and 0.81 yuan, and some feedback is temporarily unclear."
For anyone purely judging manganese ore supply in China by looking at port stocks, he or she could misread the market supply picture due to rising “invisible stocks” in the past one to two months, sources told Fastmarkets.
Typically, ore stocks are either stored at ports or held by producers at their warehouses or local storage sites. While port stocks are visible and measurable, the latter can be hard to estimate; they are therefore referred to as “invisible stocks” by some participants in the market.
While producers are reluctant to disclose a precise number for their inventories, sources with whom Fastmarkets spoke gauged a material increase in those “invisible stocks” after producers - particularly those in the Inner Mongolia autonomous region - began stockpiling inventories as a result of production disruptions and rising storage fees at the Port of Tianjin.
You can wish all you want it doesn't make it fact. I have posted previously about my concerns and the Quarterly report has confirmed them.
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