[SMM Manganese Ore Weekly Review] Downstream Demand Weak, Manganese Ore Market Fluctuates Downward

As of this Friday, northern ports: Australian lumps 47-47.5 yuan/mtu, down 2.07% MoM; Australian seeds 41-41.5 yuan/mtu, unchanged MoM; South African semi-carbonate 37.5-38 yuan/mtu, unchanged MoM; Gabon 46.5-47.5 yuan/mtu, down 2.08% MoM; South African high-grade 30-30.5 yuan/mtu, unchanged MoM. Southern ports: Australian lumps 45-45.5 yuan/mtu, unchanged MoM; Australian seeds 42-42.5 yuan/mtu, unchanged MoM; South African semi-carbonate 36-36.5 yuan/mtu, unchanged MoM; Gabon 44-46 yuan/mtu, unchanged MoM; South African high-grade 29.5-30 yuan/mtu, unchanged MoM. During the week, port manganese ore inventory remained at a relatively low level, and some miners still stood firm on quotes. However, downstream alloy plants showed weak enthusiasm for purchasing manganese ore, often pressing for lower prices. Currently, the manganese ore market is in a tug-of-war between sellers and buyers, with miners still standing firm on quotes, but lacking sufficient support from downstream demand, leading to slightly lower quotes under pressure.