[SMM Weekly Manganese Ore Review] Sluggish downstream transactions, ore prices in the doldrums
As of Friday this week, at northern ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, unchanged WoW from last Friday; Australian seed ore was priced at 35.8-36.8 yuan/mtu, unchanged WoW from last Friday; South African semi-carbonate ore was priced at 32.6-33.1 yuan/mtu, unchanged WoW from last Friday; Gabon ore was priced at 35.6-36.6 yuan/mtu, unchanged WoW from last Friday; South African high-iron ore was priced at 29.1-29.6 yuan/mtu, down 0.68% WoW from last Friday. At southern ports: Australian lump ore was priced at 39.3-40.3 yuan/mtu, unchanged WoW from last Friday; Australian seed ore was priced at 35.5-36 yuan/mtu, unchanged WoW from last Friday; South African semi-carbonate ore was priced at 33-33.5 yuan/mtu, unchanged WoW from last Friday; Gabon ore was priced at 37.6-38.1 yuan/mtu, down 1.30% WoW from last Friday; South African high-iron ore was priced at 28.3-28.8 yuan/mtu, unchanged WoW from last Friday.
During the week, the inventory of manganese ore at ports decreased slowly, and inventory buildup continued. Miners' offers fluctuated relatively small. Some miners, affected by the sluggish market, temporarily held back from selling. Inquiries from downstream alloy plants were active, but actual transactions were relatively sluggish. The spot market for manganese ore was in the doldrums.
As of Friday this week, in northern ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, unchanged WoW from last Friday; Australian seed ore was priced at 35.8-36.8 yuan/mtu, unchanged WoW from last Friday; South African semi-carbonate ore was priced at 32.6-33.1 yuan/mtu, unchanged WoW from last Friday; Gabon ore was priced at 35.6-36.6 yuan/mtu, unchanged WoW from last Friday; South African high-iron ore was priced at 29.1-29.6 yuan/mtu, down 0.68% WoW from last Friday. In southern ports: Australian lump ore was priced at 39.3-40.3 yuan/mtu, unchanged WoW from last Friday; Australian seed ore was priced at 35.5-36 yuan/mtu, unchanged WoW from last Friday; South African semi-carbonate ore was priced at 33-33.5 yuan/mtu, unchanged WoW from last Friday; Gabon ore was priced at 37.6-38.1 yuan/mtu, down 1.30% WoW from last Friday; South African high-iron ore was priced at 28.3-28.8 yuan/mtu, unchanged WoW from last Friday.
During the week, the inventory of manganese ore at ports decreased slowly, and inventory buildup continued. Miners' offers fluctuated relatively small. Some miners, affected by the sluggish market, temporarily held back from selling. Inquiries from downstream alloy plants were active, but actual transactions were relatively sluggish. The spot market for manganese ore was in the doldrums.
