[SMM Daily Review] Manganese Ore Remains Firm at the Beginning of the Week, Low-Priced Supplies Are Hard to Find
[SMM Daily Review] Manganese Ore Remains Firm at the Beginning of the Week, Low-Priced Supplies Hard to Find
January 21:
Northern Ports: Australian lump ore at 45.5-46 yuan/mtu, up 7.02% MoM; Australian fines at 41.5-42 yuan/mtu, up 7.74% MoM; South African semi-carbonate at 37-37.5 yuan/mtu, up 8.76% MoM; Gabonese ore at 45-47 yuan/mtu, up 11.52% MoM; South African high-iron ore at 29-29.5 yuan/mtu, up 1.74% MoM.
Southern Ports: Australian lump ore at 44.5-45 yuan/mtu, up 2.29% MoM; Australian fines at 42.5-43 yuan/mtu, up 7.55% MoM; South African semi-carbonate at 36.5-37 yuan/mtu, up 5.76% MoM; Gabonese ore at 44-46 yuan/mtu, up 7.78% MoM; South African high-iron ore at 29.5-30 yuan/mtu, up 1.71% MoM.
At the beginning of the week, miners maintained a sentiment to stand firm on quotes, with weak willingness to sell at low prices. Currently, port manganese ore inventory remains relatively low, and the destocking speed at ports slowed last week. In south China, manganese ore supplies are tight, and miners are reluctant to sell. Downstream alloy plants have mostly completed their winter stockpiling, leading to a slight pullback in manganese ore demand. Moreover, with the Chinese New Year approaching, downstream buyers show weaker enthusiasm for manganese ore procurement.
January 21 News:
Northern Ports: Australian lump ore was priced at 45.5-46 yuan/mtu, up 7.02% MoM; Australian fines at 41.5-42 yuan/mtu, up 7.74% MoM; South African semi-carbonate at 37-37.5 yuan/mtu, up 8.76% MoM; Gabonese ore at 45-47 yuan/mtu, up 11.52% MoM; South African high-iron ore at 29-29.5 yuan/mtu, up 1.74% MoM.
Southern Ports: Australian lump ore was priced at 44.5-45 yuan/mtu, up 2.29% MoM; Australian fines at 42.5-43 yuan/mtu, up 7.55% MoM; South African semi-carbonate at 36.5-37 yuan/mtu, up 5.76% MoM; Gabonese ore at 44-46 yuan/mtu, up 7.78% MoM; South African high-iron ore at 29.5-30 yuan/mtu, up 1.71% MoM.
At the beginning of the week, miners maintained a strong sentiment to stand firm on quotes, with a weak willingness to sell at low prices. Currently, port manganese ore inventory remains relatively low, and the destocking speed of port manganese ore slowed last week. In the southern manganese ore market, supply is tight, and miners are reluctant to sell. Downstream alloy plants have mostly completed winter stockpiling, leading to a slight pullback in demand for manganese ore. Moreover, with the Chinese New Year approaching, downstream buyers show weaker enthusiasm for manganese ore procurement.
