[SMM Weekly Manganese Ore Review] Market Transactions Sluggish, Spot Price Struggles to Rise

As of this Friday, at northern ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, up 2.56% WoW from last Friday; Australian seed ore was priced at 36.5-37.5 yuan/mtu, down 1.33% WoW from last Friday; South African semi-carbonate ore was priced at 33.6-34.1 yuan/mtu, up 0.30% WoW from last Friday; Gabon ore was priced at 36.6-37.6 yuan/mtu, down 1.07% WoW from last Friday; South African high-iron ore was priced at 29.8-30.3 yuan/mtu, down 0.66% WoW from last Friday. At southern ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, up 1.27% WoW from last Friday; Australian seed ore was priced at 37.5-38 yuan/mtu, down 2.58% 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 38.8-39.3 yuan/mtu, down 0.51% WoW from last Friday; South African high-iron ore was priced at 28.5-29 yuan/mtu, up 0.70% WoW from last Friday.
Affected by the news about South African manganese ore, the futures market of manganese-silicon rallied and then pulled back during the week. Driven by the rally in the manganese-silicon futures market yesterday, ore prices increased slightly, with some miners maintaining firm quotes. Downstream alloy plants showed weak acceptance of high-priced manganese ore, resulting in relatively sluggish market transactions and ore prices struggling to rise. Attention should be paid to the subsequent performance of the SiMn futures market and the actual procurement of manganese ore by downstream alloy plants.