SMM Manganese Ore Weekly Review: Overseas Mine News Disturbance, Spot Prices Under Downward Pressure

As of this Friday, at northern ports: Australian lump ore was priced at 40.5-41 yuan/mtu, down 6.86% MoM; Australian seed ore at 38.5-39.5 yuan/mtu, down 2.50% MoM; South African semi-carbonate ore at 34-34.5 yuan/mtu, down 2.84% MoM; Gabonese ore at 39-40 yuan/mtu, down 5.95% MoM; South African high-iron ore at 31-31.5 yuan/mtu, flat MoM. At southern ports: Australian lump ore was priced at 42.5-43 yuan/mtu, down 4.47% MoM; Australian seed ore at 40.5-41 yuan/mtu, flat MoM; South African semi-carbonate ore at 35-35.5 yuan/mtu, down 1.40% MoM; Gabonese ore at 41.5-42.5 yuan/mtu, down 5.62% MoM; South African high-iron ore at 29.5-30 yuan/mtu, down 1.65% MoM.

According to market sources, Australian manganese ore continues to implement its operational recovery plan, with the main structure of the terminal already installed, and exports are expected to resume in Q2. Currently, high-grade manganese oxide ore has arrived at the ports, leading to an inventory buildup. Downstream alloy plants show weak purchasing enthusiasm for manganese ore, with a sluggish market inquiry. Factories are mostly driving down prices for purchases, putting downward pressure on spot prices.