[SMM Manganese Ore Weekly Review] Gradual Holiday Breaks, Ore Prices Remain Firm
As of this Friday, at northern ports: Australian lump ore was priced at 45.5-46 yuan/mtu, flat MoM; Australian fines at 41.5-42 yuan/mtu, up 2.45% MoM; South African semi-carbonate at 37-37.5 yuan/mtu, up 2.76% MoM; Gabonese ore at 45-47 yuan/mtu, flat MoM; South African high-iron ore at 29-29.5 yuan/mtu, flat MoM. At southern ports: Australian lump ore was priced at 44.5-45 yuan/mtu, flat MoM; Australian fines at 42.5-43 yuan/mtu, up 2.40% MoM; South African semi-carbonate at 36.5-37 yuan/mtu, flat MoM; Gabonese ore at 44-46 yuan/mtu, flat MoM; South African high-iron ore at 29.5-30 yuan/mtu, flat MoM.
During the week, miners gradually went on holiday, resulting in limited overall shipments, with many miners holding back from selling. Manganese ore inventories at ports remained relatively low, and the circulation of spot manganese ore decreased, with miners' quotations remaining firm. Previously, alloy plants had stockpiled sufficient manganese ore for production during the Chinese New Year, leading to weak demand for manganese ore from alloy plants during the week and a sluggish market. Manganese ore prices largely remained stable and firm, with most market participants observing post-holiday restocking by downstream alloy plants and manganese ore shipment conditions.
As of this Friday, at northern ports: Australian lump ore was priced at 45.5-46 yuan/mtu, flat MoM; Australian fines at 41.5-42 yuan/mtu, up 2.45% MoM; South African semi-carbonate at 37-37.5 yuan/mtu, up 2.76% MoM; Gabonese ore at 45-47 yuan/mtu, flat MoM; South African high-iron ore at 29-29.5 yuan/mtu, flat MoM. At southern ports: Australian lump ore was priced at 44.5-45 yuan/mtu, flat MoM; Australian fines at 42.5-43 yuan/mtu, up 2.40% MoM; South African semi-carbonate at 36.5-37 yuan/mtu, flat MoM; Gabonese ore at 44-46 yuan/mtu, flat MoM; South African high-iron ore at 29.5-30 yuan/mtu, flat MoM.
During the week, miners gradually went on holiday, resulting in limited overall shipments, with many miners holding back from selling. Port manganese ore inventory remained relatively low, and the circulation of spot manganese ore decreased, with miners' quotations remaining firm. Previously, alloy plants had stockpiled sufficient manganese ore for production during the Chinese New Year, leading to weak demand for manganese ore from alloy plants during the week, and the market saw sluggish transactions. Manganese ore prices generally remained stable and firm, with most market participants observing post-holiday restocking by downstream alloy plants and manganese ore shipment conditions.
