[SMM Daily Review] Market Sentiment Slightly Pulls Back, Spot Prices Remain Stable

[SMM Daily Review] Market Sentiment Slightly Pulls Back, Spot Prices Remain Stable March 4: Northern Ports: Australian lump ore at 47-47.5 yuan/mtu (down 4.06% MoM); Australian fines at 41-41.5 yuan/mtu (down 1.20% MoM); South African semi-carbonate at 37.5-38 yuan/mtu (down 1.31% MoM); Gabonese ore at 46-46.8 yuan/mtu (down 2.08% MoM); South African high-iron ore at 30-30.5 yuan/mtu (unchanged MoM). Southern Ports: Australian lump ore at 44-44.5 yuan/mtu (down 1.12% MoM); Australian fines at 42-42.5 yuan/mtu (down 1.17% MoM); South African semi-carbonate at 36-36.5 yuan/mtu (down 1.36% MoM); Gabonese ore at 43-45 yuan/mtu (down 2.22% MoM); South African high-iron ore at 29.5-30 yuan/mtu (unchanged MoM). Impacted by the continued downward fluctuation in the SiMn alloy futures market, miners are mostly adopting a wait-and-see approach, with the manganese ore market largely holding back from selling. Market sentiment has pulled back, and miners show weak willingness to actively quote prices. Alloy plants are actively inquiring, but actual transactions remain limited, with downward pressure on manganese ore purchase prices. Currently, manganese ore lacks support for firm quotes, and spot prices are fluctuating downward. Further attention is needed on changes in actual procurement demand from alloy plants in the future.