[SMM Daily Review] Manganese-silicon futures hold up well, manganese ore prices stop falling and rebound

On May 13: Northern ports: Australian lump ore was priced at 38-38.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore was priced at 36.5-37.5 yuan/mtu, down 1.33% WoW from last Tuesday; South African semi-carbonate ore was priced at 32.5-33 yuan/mtu, unchanged WoW from last Tuesday; Gabonese ore was priced at 37-38 yuan/mtu, down 1.35% WoW from last Tuesday; South African high-iron ore was priced at 30-30.5 yuan/mtu, down 1.63% WoW from last Tuesday. Southern ports: Australian lump ore was priced at 39-39.5 yuan/mtu, down 2.48% WoW from last Tuesday; Australian seed ore was priced at 38-38.5 yuan/mtu, unchanged WoW from last Tuesday and down 1.29% MoM; South African semi-carbonate ore was priced at 34-34.5 yuan/mtu, unchanged WoW from last Tuesday and down 1.44% MoM; Gabonese ore was priced at 39-39.5 yuan/mtu, down 3.09% WoW from last Tuesday; South African high-iron ore was priced at 28.3-28.8 yuan/mtu, down 2.39% WoW from last Tuesday.

Influenced by favourable macro policies, the SiMn futures market has recently rebounded and continued to hold up well. Influenced by the positive futures market, miners have strong sentiment to stand firm on quotes. Inquiries in the manganese ore market have been active, with transactions following suit. The sentiment in the downstream manganese alloy sector has improved, and it is expected that the manganese ore market will continue to show an upward trend in the future, driven by the alloy sector.