SMM

[SMM Manganese Ore Daily Review] Limited Room for Miners to Offer Price Discounts, Spot Prices Remain Stable for Now June 17: Northern Ports: Australian lump ore at 39.5-40.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore at 35.8-36.8 yuan/mtu, unchanged WoW from last Tuesday; South African semi-carbonate ore at 32.6-33.1 yuan/mtu, unchanged WoW from last Tuesday; Gabon ore at 35.6-36.6 yuan/mtu, unchanged WoW from last Tuesday; South African high-iron ore at 29.1-29.6 yuan/mtu, down 0.68% WoW from last Tuesday. Southern Ports: Australian lump ore at 39.3-40.3 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore at 35.5-36 yuan/mtu, unchanged WoW from last Tuesday; South African semi-carbonate ore at 33-33.5 yuan/mtu, unchanged WoW from last Tuesday; Gabon ore at 37.6-38.1 yuan/mtu, down 1.30% WoW from last Tuesday; South African high-iron ore at 28.3-28.8 yuan/mtu, unchanged WoW from last Tuesday. Currently, inventory buildup continues at the ports, and downstream alloy plants are mostly making just-in-time procurement of manganese ore. All varieties of manganese ore are currently operating at a loss, leaving limited room for miners to offer price discounts. Miners' external offers have fluctuated relatively little at the beginning of the week, and the current spot market for manganese ore is temporarily stable.