[SMM Daily Review] Overseas Strike News Causes Disruption, Miners' Offers Rise Slightly

[SMM Daily Review] Overseas Strike News Causes Disruption, Miners' Offers Rise Slightly March 11: Northern Ports: Australian lump at 48-48.5 yuan/mtu, up 2.12% MoM; Australian fines at 41-41.5 yuan/mtu, flat MoM; South African semi-carbonate at 37.5-38 yuan/mtu, flat MoM; Gabonese ore at 47-49 yuan/mtu, up 2.13% MoM; South African high-iron ore at 30-30.5 yuan/mtu, flat MoM. Southern Ports: Australian lump at 45-45.5 yuan/mtu, up 2.26% MoM; Australian fines at 42-42.5 yuan/mtu, flat MoM; South African semi-carbonate at 36-36.5 yuan/mtu, flat MoM; Gabonese ore at 44-46 yuan/mtu, up 2.27% MoM; South African high-iron ore at 29.5-30 yuan/mtu, flat MoM. Port manganese ore continues slow destocking, with manganese ore inventory remaining at relatively low levels. Disrupted by overseas miners' strike news, miners' offers remain firm with strong reluctance to sell. Currently, high-grade manganese oxide ore is in short supply, leading to a slight increase in miners' offers, while willingness to sell at low prices is weak. Other manganese ore varieties show relatively small fluctuations, maintaining a consolidating trend. Downstream alloy plants have sufficient manganese ore inventory and remain cautious in procurement. Further attention is needed on changes in manganese ore demand from alloy plants in the future.