[SMM Daily Review] Downstream Demand Remains Weak, Manganese Ore Spot Market in the Doldrums

【SMM Daily Review】Weak Downstream Demand Keeps Manganese Ore Spot Market in the Doldrums April 22: Northern Ports: Australian lump 40-40.5 yuan/mtu, down 5.85% MoM; Australian seed 38.5-39.5 yuan/mtu, down 2.50% MoM; South African semi-carbonate 34-34.5 yuan/mtu, down 1.44% MoM; Gabon 38.5-39.5 yuan/mtu, down 4.88% MoM; South African high-iron 31-31.5 yuan/mtu, flat MoM. Southern Ports: Australian lump 42.5-43 yuan/mtu, down 4.47% MoM; Australian seed 40.5-41 yuan/mtu, flat MoM; South African semi-carbonate 35-35.5 yuan/mtu, flat MoM; Gabon 41.5-42.5 yuan/mtu, down 3.45% MoM; South African high-iron 29.5-30 yuan/mtu, down 1.65% MoM. Overseas mine shipments are gradually recovering, and port manganese ore inventory has slightly accumulated. Downstream alloy plants in both north and south China have shown intentions to reduce or halt production, resulting in weak enthusiasm for raw material procurement. Miner offers are somewhat chaotic, and transaction prices for manganese ore spot cargo are on a downward trend.