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.

July 3 Brief: Northern ports: South African high-iron ore 30.5-31.4 yuan/mtu, down WoW; South African semi-carbonate ore 37.2-37.7 yuan/mtu, flat WoW; Gabonese ore 40.6-41 yuan/mtu, flat WoW; 46% Australian lumps 43.3-43.8 yuan/mtu, flat WoW; South African medium-iron ore 37-37.5 yuan/mtu, flat WoW. Southern ports: South African high-iron ore 33.5-34 yuan/mtu, down WoW; South African semi-carbonate ore 36.5-37 yuan/mtu, flat WoW; Gabonese ore 41-41.5 yuan/mtu, flat WoW; 46% Australian lumps 43.2-43.7 yuan/mtu, down WoW; South African medium-iron ore 37-37.5 yuan/mtu, flat WoW. The manganese ore market is stable but stagnant, end-use demand is weak, and buying and selling are dominated by wait-and-see sentiment.

[SMM Battery-Grade Manganese Sulphate Weekly Review: Cost Increases Drive Price Recovery; Manganese Sulphate Market Expected to Hold Up Well] This week, China’s manganese sulphate market shifted away from the previous weakness, stopped falling and edged up, with futures officially ending the prolonged weak consolidation. This round of price increases was mainly driven by strong cost-side support: sulphuric acid prices surged again recently, coupled with spot manganese ore prices staying high, significantly raising overall production costs for manganese salt enterprises...

[SMM EMM Weekly Review: Cost and Production Cuts Double Bottom Support, Off-Season Market Stabilizes in Narrow Range] This week, China's EMM market rebounded slightly and then entered a sideways movement channel. Spot quotations overall stabilized and consolidated. The futures market showed a stalemate pattern where both gains and losses were difficult, with the downside room for prices fully locked. Costs and the supply side formed a double bottom support, becoming the core driving force stabilizing the market......

June 26: Northern ports: South African high-iron ore 30.8-31.7 yuan/mtu, down WoW; South African semi-carbonate ore 37.2-37.7 yuan/mtu, down WoW; Gabonese ore 40.6-41 yuan/mtu, flat WoW; 46% Australian lumps 43.3-43.8 yuan/mtu, flat WoW; South African medium-iron ore 37-37.5 yuan/mtu, down WoW. Southern ports: South African high-iron ore 34-34.5 yuan/mtu, down WoW; South African semi-carbonate ore 36.5-37 yuan/mtu, flat WoW; Gabonese ore 41-41.5 yuan/mtu, flat WoW; 46% Australian lumps 43.5-44 yuan/mtu, flat WoW; South African medium-iron ore 37-37.5 yuan/mtu, flat WoW. The manganese ore market is stable but stagnant, end-use demand is weak, and wait-and-see sentiment prevails among buyers and sellers.