[SMM Weekly Manganese Ore Review] Miners' offers hold up well, spot prices hold up well

As of this Friday, at northern ports: Australian lump ore was priced at 38-39 yuan/mtu, up 4.70% WoW from last Friday; Australian seed ore was priced at 37-38 yuan/mtu, unchanged WoW from last Friday; South African semi-carbonate ore was priced at 33-33.5 yuan/mtu, up 3.05% WoW from last Friday; Gabon ore was priced at 37-38 yuan/mtu, up 1.35% WoW from last Friday; South African high-iron ore was priced at 30-30.5 yuan/mtu, unchanged WoW from last Friday. At southern ports: Australian lump ore was priced at 39-40 yuan/mtu, up 0.64% WoW from last Friday; Australian seed ore was priced at 38.5-39 yuan/mtu, unchanged WoW from last Friday; South African semi-carbonate ore was priced at 34-34.5 yuan/mtu, unchanged WoW from last Friday; Gabon ore was priced at 39-39.5 yuan/mtu, up 1.88% WoW from last Friday; South African high-iron ore was priced at 28.3-28.8 yuan/mtu, up 0.70% WoW from last Friday. Stimulated by the sustained strong and volatile performance of the SiMn futures market, the spot market for manganese ore and manganese alloys has also held up well. Miners' offers remained firm, and it was difficult to find low-priced supplies of high-grade manganese oxide ore in the market. On the demand side, alloy plants maintained just-in-time procurement of manganese ore, and spot cargo transactions continued to rise.