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

【SMM Daily Review】Weak Downstream Demand Leads to Downward Fluctuation in Manganese Ore Market March 25: Northern Ports: Australian lump ore at 47-47.5 yuan/mtu, down 2.06% MoM; Australian seed ore at 41-41.5 yuan/mtu, flat MoM; South African semi-carbonate ore at 37.5-38 yuan/mtu, flat MoM; Gabonese ore at 46.5-47.5 yuan/mtu, down 2.08% MoM; South African high-iron ore at 30-30.5 yuan/mtu, flat MoM. Southern Ports: Australian lump ore at 45-45.5 yuan/mtu, flat MoM; Australian seed ore at 42-42.5 yuan/mtu, flat MoM; South African semi-carbonate ore at 36-36.5 yuan/mtu, flat MoM; Gabonese ore at 44-46 yuan/mtu, flat MoM; South African high-iron ore at 29.5-30 yuan/mtu, flat MoM. Port manganese ore inventory continues to deplete slowly, with the total port manganese ore inventory remaining relatively low. The demand from downstream alloy plants for manganese ore is weak, and the purchasing enthusiasm is low. Purchasers mostly engage in small-scale restocking, and there has been no significant bulk purchasing from downstream demanders.