Market inquiries are slightly active, with spot prices remaining stable for the time being [SMM Manganese Ore Daily Review]
[SMM Daily Manganese Ore Review] Market inquiries show slight activity, spot prices remain stable for now
June 10: Northern ports: Australian lump ore is priced at 39.5-40.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore is priced at 35.8-36.8 yuan/mtu, down 0.55% WoW from last Tuesday; South African semi-carbonate ore is priced at 32.6-33.1 yuan/mtu, down 1.50% WoW from last Tuesday; Gabon ore is priced at 35.6-36.6 yuan/mtu, down 1.37% WoW from last Tuesday; South African high-iron ore is priced at 29.3-29.8 yuan/mtu, down 0.67% WoW from last Tuesday. Southern ports: Australian lump ore is priced at 39.3-40.3 yuan/mtu, down 0.5% WoW from last Tuesday; Australian seed ore is priced at 35.5-36 yuan/mtu, down 1.38% WoW from last Tuesday; South African semi-carbonate ore is priced at 33-33.5 yuan/mtu, down 1.48% WoW from last Tuesday; Gabon ore is priced at 38.1-38.6 yuan/mtu, down 0.52% WoW from last Tuesday; South African high-iron ore is priced at 28.3-28.8 yuan/mtu, down 0.70% WoW from last Tuesday.
Currently, there is an inventory buildup of manganese ore at ports, and miners' offers remain stable. In some southern regions, due to the advantages of the rainy season, electricity tariffs have been slightly reduced, enhancing the willingness of alloy plants to resume production, leading to active inquiries for manganese ore. Affected by the doldrums in the futures market for ferromanganese, there is still an expectation of a decline in spot prices for manganese ore in the future.
June 10 news: At northern ports, Australian lump ore is priced at 39.5-40.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore is priced at 35.8-36.8 yuan/mtu, down 0.55% WoW from last Tuesday; South African semi-carbonate ore is priced at 32.6-33.1 yuan/mtu, down 1.50% WoW from last Tuesday; Gabon ore is priced at 35.6-36.6 yuan/mtu, down 1.37% WoW from last Tuesday; South African high-iron ore is priced at 29.3-29.8 yuan/mtu, down 0.67% WoW from last Tuesday. At southern ports, Australian lump ore is priced at 39.3-40.3 yuan/mtu, down 0.5% WoW from last Tuesday; Australian seed ore is priced at 35.5-36 yuan/mtu, down 1.38% WoW from last Tuesday; South African semi-carbonate ore is priced at 33-33.5 yuan/mtu, down 1.48% WoW from last Tuesday; Gabon ore is priced at 38.1-38.6 yuan/mtu, down 0.52% WoW from last Tuesday; South African high-iron ore is priced at 28.3-28.8 yuan/mtu, down 0.70% WoW from last Tuesday.
Currently, there is an inventory buildup of manganese ore at ports, and miners' offers remain stable. In some southern regions, due to the advantages of the rainy season, electricity costs have slightly decreased, enhancing alloy plants' willingness to resume production and leading to active inquiries for manganese ore. Affected by the doldrums in the futures market for manganese-silicon, there is still an expectation of a decline in the spot price of manganese ore in the future market.
