[SMM Daily Review] Tug-of-war between sellers and buyers in manganese ore market, spot price remains stable for now

On May 6: Northern ports: Australian lump ore was priced at 38-38.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore was priced at 37-38 yuan/mtu, unchanged WoW from last Tuesday; South African semi-carbonate ore was priced at 32.5-33 yuan/mtu, unchanged WoW from last Tuesday; Gabon ore was priced at 36.5-37.5 yuan/mtu, unchanged WoW from last Tuesday; South African high-iron ore was priced at 30.5-31 yuan/mtu, unchanged WoW from last Tuesday. Southern ports: Australian lump ore was priced at 40-40.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore was priced at 38.5-39 yuan/mtu, unchanged WoW from last Tuesday; South African semi-carbonate ore was priced at 34.5-35 yuan/mtu, unchanged WoW from last Tuesday; Gabon ore was priced at 40-41 yuan/mtu, unchanged WoW from last Tuesday; South African high-iron ore was priced at 29-29.5 yuan/mtu, unchanged WoW from last Tuesday.

Currently, the inventory of manganese ore at ports continues to decline slowly, and the supply surplus of manganese ore has eased somewhat. Due to severe losses at alloy plants, downstream alloy plants have shown weak enthusiasm for purchasing manganese ore, and alloy plants are mostly driving down prices during purchases. Currently, there is a tug-of-war between sellers and buyers in the manganese ore market, with spot prices remaining stable for the time being.