天津港锰矿库存周报 (天津振鸿口径) 单位:吨 本周库存 上周库存 出库 入库 库存占比 2026-1-9 变动 总 2934578 3169783 400431 -235205 635636 ■加蓬 加蓬 49055 6. 96% 204355 204400 49100 -45 ■澳大利亚 澳大利亚 273732 32617 306349 0 0 10. 44% ■南非 ■加纳 南非 234112 1915041 2125418 271408 -210377 65. 26% ■其他 加纳 13500 -13500 11. 60% 340369 353869 0 其他 212364 301628 117264 5.74% 168464 -43900 天津港振鸿锰矿出库:合计:万吨 天津港振鸿锰矿库存:合计:万吨 天津港振鸿锰矿入库:合计:万吨 600. 00 120. 00 80.00 550. 00 500. 00 450. 00 400. 00 350. 00 300. 00 250. 00 200. 00 r = 2 = 2 = 2 = 1 = 2023 2024 2025 - 2026 100. 00 ...

Group 1: Overall Inventory Information - Total inventory this week is 3,504,599 tons, compared to 3,654,107.9 tons last week, with a decrease of 149,509 tons. The出库 is 534,147 tons and the入库 is 384,638 tons [2] Group 2: Inventory by Country - Gabon: This week's inventory is 218,300 tons, a decrease of 63,100 tons from last week, accounting for 6.23% of the total [2] - Australia: This week's inventory is 67,300 tons, accounting for 10.31% of the total [2] - South Africa: This week's inventory is 361,198 tons, compared to 365,279 tons last week, with a decrease of 4,081 tons. The出库 is 71,381 tons [2] - Ghana: This week's inventory is 229,878 tons, last week it was 246,359 tons, with a decrease of 42,074 tons. It accounts for 70.30% of the total [2] - Other: This week's inventory is 218,074.9 tons, compared to 152,477 tons last week, with an increase of 87,460 tons, accounting for 6.79% of the total [2] Group 3: Graphical Data - There are graphs showing the入库,出库, and inventory of manganese ore in Tianjin Port for different types including oxidation ore (Gabon + Australian ore), South African semi - carbonate powder + block, and Ghanaian block ore from 2023 - 2025 [6]

Report Summary 1) Report Industry Investment Rating - No investment rating information is provided in the report. 2) Core View - The report presents the weekly inventory data of manganese ore at Tianjin Port as of July 18, 2025, including details of inventory, outbound, inbound, and changes for different origins such as Gabon, Australia, South Africa, Ghana, and others [1]. 3) Summary by Related Catalog - **Overall Inventory Data**: The total inventory of manganese ore at Tianjin Port this week is 3,437,658 tons, a decrease of 111,081 tons compared to last week. The total outbound volume is 406,823 tons, and the total inbound volume is 295,743 tons [1]. - **Inventory by Origin**: - **Gabon**: The inventory is 268,412 tons, a decrease of 52,280 tons, accounting for 6.50% of the total inventory [1]. - **Australia**: The inventory is 107,440 tons, an increase of 18,744 tons, accounting for 3.23% of the total inventory [1]. - **South Africa**: The inventory is 2,495,357 tons, a decrease of 115,993 tons, accounting for 75.01% of the total inventory [1]. - **Ghana**: The inventory is -30,702 tons (indicating a net decrease), with an outbound volume of 128,700 tons and an inbound volume of 159,402 tons, accounting for 3.87% of the total inventory [1]. - **Other Origins**: The inventory is 378,948 tons, an increase of 69,150 tons, accounting for 11.39% of the total inventory [1].

Core Viewpoint - The manganese silicon futures market has shown a significant increase, with the main contract rising by 2.12% to 5502.00 CNY/ton [1] Group 1: Market Supply and Demand - A certain group has announced its latest silicon manganese procurement, with prices at 5400 CNY/ton for 500 tons delivered to Anhui and 5550 CNY/ton for 500 tons delivered to Yunfu, both prices are cash inclusive and tax included [2] - The inventory of manganese ore at Tianjin Port was reported at 3.129 million tons, a decrease of 117,000 tons week-on-week; Lianyungang Port had 5,000 tons, and Qinzhou Port had 936,000 tons, a decrease of 18,000 tons week-on-week, totaling 4.07 million tons, down 135,000 tons from the previous period [2] Group 2: Industry Insights - According to Ruida Futures, manufacturers have reduced production, leading to a low operating rate, but overall inventory remains high. The imported manganese ore inventory at ports has decreased by 135,000 tons, while downstream pig iron production has peaked and is now declining, indicating potential price volatility [3] - Guotou Anxin Futures noted that after a significant price drop, there has been a rebound. However, the basic improvement is limited as production levels are starting to rise again, and manganese ore inventory is expected to trend upwards, leading to a weak price outlook [3]