[SMM Manganese Ore Weekly Review] Downstream Purchasing Enthusiasm Fluctuates Downward, Spot Market Fluctuates Downward
As of this Friday, at northern ports: Australian lump ore was priced at 49-49.5 yuan/mtu, down 1.99% MoM; Australian fines at 41.5-42 yuan/mtu, down 2.34% MoM; South African semi-carbonate at 38-38.5 yuan/mtu, down 2.55% MoM; Gabonese ore at 47-49 yuan/mtu, down 2.04% MoM; South African high-iron ore at 30-30.5 yuan/mtu, unchanged MoM. At southern ports: Australian lump ore was priced at 44.5-45 yuan/mtu, down 2.19% MoM; Australian fines at 42.5-43 yuan/mtu, down 2.29% MoM; South African semi-carbonate at 36.5-37 yuan/mtu, unchanged MoM; Gabonese ore at 44-46 yuan/mtu, down 2.17% MoM; South African high-iron ore at 29.5-30 yuan/mtu, unchanged MoM.
During the week, market sources reported that manganese ore production in Australia is expected to decline significantly due to flooding, directly impacting the normal shipment schedules of mines in the future. Miners maintained a bullish outlook on the manganese ore market. However, due to weak purchasing enthusiasm from downstream alloy plants during the week, port manganese ore experienced slow destocking, and the surplus fundamentals of manganese ore remained unchanged, with manganese ore prices fluctuating downward.
As of this Friday, at northern ports: Australian lump ore was 49-49.5 yuan/mtu, down 1.99% MoM; Australian fines were 41.5-42 yuan/mtu, down 2.34% MoM; South African semi-carbonate was 38-38.5 yuan/mtu, down 2.55% MoM; Gabonese ore was 47-49 yuan/mtu, down 2.04% MoM; South African high-iron ore was 30-30.5 yuan/mtu, unchanged MoM. At southern ports: Australian lump ore was 44.5-45 yuan/mtu, down 2.19% MoM; Australian fines were 42.5-43 yuan/mtu, down 2.29% MoM; South African semi-carbonate was 36.5-37 yuan/mtu, unchanged MoM; Gabonese ore was 44-46 yuan/mtu, down 2.17% MoM; South African high-iron ore was 29.5-30 yuan/mtu, unchanged MoM.
During the week, market reports indicated that manganese ore production in Australia is expected to be significantly reduced due to flooding, directly impacting the normal shipment schedules of mines in the future. Miners maintained a bullish outlook on manganese ore. However, due to weak purchasing enthusiasm from downstream alloy plants during the week, port manganese ore experienced slow destocking, and the surplus fundamentals of manganese ore remained unchanged, with prices fluctuating downward.
