As of this Friday, SiMn 6517 (cash) in north China was 5,650-5,700 yuan/mt, down WoW; SiMn 6517 (cash) in south China was 5,700-5,750 yuan/mt, down from last Friday, and SiMn 6014 (cash) in south China was 5,350-5,400 yuan/mt, flat WoW. Recently, SiMn futures were weak and moved sideways in a narrow range, the market was in a strong wait-and-see mood, spot prices fell, and futures and spot prices were largely aligned.

July 24 News: North China ports: 46% Australian lumps at 41.5-42 yuan/mtu, down WoW; South African semi-carbonate at 34.7-35.2 yuan/mtu, down WoW; Gabonese at 39.3-39.7 yuan/mtu, down WoW; South African high-iron at 29-29.5 yuan/mtu, down WoW; South African medium-iron at 36-36.5 yuan/mtu, stable WoW. South China ports: 46% Australian lumps at 42.9-43.4 yuan/mtu, down WoW; South African semi-carbonate at 36.7-37 yuan/mtu, down WoW; Gabonese at 40.9-41.4 yuan/mtu, stable WoW; South African high-iron at 31.5-32 yuan/mtu, down WoW; South African medium-iron at 37.5-38 yuan/mtu, stable WoW. Manganese ore market prices continue to grind lower, end-use demand remains tepid, and trader sell-offs at reduced prices are relatively common.

July 17 – North China ports: 46% Australian lumps 42.5-43 yuan/mtu, down WoW; South African semi-carbonate 35.7-36.2 yuan/mtu, down WoW; Gabonese 40-40.4 yuan/mtu, down WoW; South African high-iron 30-30.5 yuan/mtu, flat WoW; South African mid-iron 36-36.5 yuan/mtu, down WoW. South China ports: 46% Australian lumps 43.2-43.7 yuan/mtu, flat WoW; South African semi-carbonate 36.8-37.1 yuan/mtu, flat WoW; Gabonese 40.9-41.4 yuan/mtu, down WoW; South African high-iron 32.3-32.8 yuan/mtu, flat WoW; South African mid-iron 37.5-38 yuan/mtu, up WoW.

As of this Friday, SiMn 6517 (cash) in north China was at 5,750-5,800 yuan/mt, up WoW; SiMn 6517 (cash) in south China was at 5,800-5,850 yuan/mt, up WoW from last Friday, while SiMn 6014 (cash) in south China was at 5,350-5,400 yuan/mt, down WoW. Recently, SiMn futures moved sideways in a weak trend. A strong wait-and-see sentiment prevailed, with spot prices edging up slightly, but futures could not drive spot prices significantly higher.

Jul 10 – North China ports: 46% Australian lumps at 43-43.5 yuan/mtu, prices down WoW; South African semi-carbonate at 36.5-37 yuan/mtu, prices down WoW; Gabonese at 40.3-40.7 yuan/mtu, prices down WoW; South African high-iron at 30-30.5 yuan/mtu, prices down WoW; South African medium-iron at 37-37.5 yuan/mtu, prices flat WoW. South China ports: 46% Australian lumps at 43.2-43.7 yuan/mtu, prices flat WoW; South African semi-carbonate at 36.8-37.1 yuan/mtu, prices up WoW; Gabonese at 41-41.5 yuan/mtu, prices flat WoW; South African high-iron at 32.3-32.8 yuan/mtu, prices down WoW; South African medium-iron at 37-37.5 yuan/mtu, prices flat WoW.

As of Friday, SiMn 6517 (cash) in north China was at 5,600-5,700 yuan/mt, down WoW; in south China, SiMn 6517 (cash) was at 5,650-5,750 yuan/mt, down WoW, and SiMn 6014 (cash) there was at 5,450-5,500 yuan/mt, down WoW. Recently, SiMn futures moved weakly sideways in a narrow range, with a strong wait-and-see sentiment in the market, low willingness to sell among producers, and weak spot and futures prices.