SMM

[SMM Daily Review] Miners Offer Firm Quotations, Spot Prices Remain Stable On May 20th: Northern Ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, up 4.58% WoW from last Tuesday; Australian seed ore was priced at 37-38 yuan/mtu, up 1.35% WoW from last Tuesday; South African semi-carbonate ore was priced at 33.5-34 yuan/mtu, up 3.05% WoW from last Tuesday; Gabon ore was priced at 37-38 yuan/mtu, unchanged WoW from last Tuesday; South African high-iron ore was priced at 30-30.5 yuan/mtu, unchanged WoW from last Tuesday. Southern Ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, up 1.91% WoW from last Tuesday; Australian seed ore was priced at 38.5-39 yuan/mtu, up 1.31% WoW from last Tuesday; South African semi-carbonate ore was priced at 34-34.5 yuan/mtu, unchanged WoW from last Tuesday; Gabon ore was priced at 39-39.5 yuan/mtu, unchanged WoW from last Tuesday; South African high-iron ore was priced at 28.5-29 yuan/mtu, up 0.70% WoW from last Tuesday. This week, influenced by the in the doldrums of the manganese-silicon futures market, the manganese ore and manganese alloy markets remained stable. Alloy plants were cautious in purchasing manganese ore, leading to sluggish transactions in the manganese ore market, and spot prices remained stable. It is still necessary to monitor the actual purchasing situation of manganese ore by alloy plants in the future market and the shipment situation of manganese ore from overseas mines.