[SMM Manganese Ore Weekly Review] Insufficient Downstream Demand Support Leads to Manganese Ore Spot Price in the Doldrums

As of Friday this week, in northern ports: Australian lump ore was priced at 37-37.5 yuan/mtu; Australian seed ore at 37-38 yuan/mtu; South African semi-carbonate ore at 32.5-33 yuan/mtu; Gabon ore at 36.5-37.5 yuan/mtu; and South African high-iron ore at 30-30.5 yuan/mtu. In southern ports: Australian lump ore was priced at 39-39.5 yuan/mtu; Australian seed ore at 38.5-39 yuan/mtu; South African semi-carbonate ore at 34-34.5 yuan/mtu; Gabon ore at 39.5-40.5 yuan/mtu; and South African high-iron ore at 28.5-29 yuan/mtu.

During the week, the inventory of manganese ore at ports continued to decline slowly, with downstream alloy plants showing weak enthusiasm for purchasing manganese ore. Alloy plants mainly purchased high-grade manganese oxide ores such as Australian ore and Gabon ore before the Labour Day holiday, and made small purchases of South African ore after the holiday. Overall, the downstream demand support in the manganese ore market was weak, and spot prices declined.