There are currently no positive factors in the market, and spot prices are temporarily stable [SMM Daily Review]

Published: Jun 3, 2025 15:48

Save

[SMM Daily Review] No Positive Factors in the Market, Spot Prices Remain Stable for Now June 3 News: Northern Ports: Australian lump ore is priced at 39.5-40.5 yuan/mtu, unchanged WoW from Tuesday; Australian fines are priced at 36-37 yuan/mtu, unchanged WoW from Tuesday; South African semi-carbonate ore is priced at 33.1-33.6 yuan/mtu, unchanged WoW from Tuesday; Gabon ore is priced at 36.1-37.1 yuan/mtu, unchanged WoW from Tuesday; South African high-iron ore is priced at 29.5-30 yuan/mtu, down 1.00% WoW from Tuesday. Southern Ports: Australian lump ore is priced at 39.5-40.5 yuan/mtu, unchanged WoW from Tuesday; Australian fines are priced at 36-36.5 yuan/mtu, down 2.68% WoW from Tuesday; South African semi-carbonate ore is priced at 33.5-34 yuan/mtu, down 1.46% WoW from Tuesday; Gabon ore is priced at 38.3-38.8 yuan/mtu, down 1.28% WoW from Tuesday; South African high-iron ore is priced at 28.5-29 yuan/mtu, unchanged WoW from Tuesday.

June 3 News: Northern ports: Australian lump ore is priced at 39.5-40.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore is priced at 36-37 yuan/mtu, unchanged WoW from last Tuesday; South African semi-carbonate ore is priced at 33.1-33.6 yuan/mtu, unchanged WoW from last Tuesday; Gabon ore is priced at 36.1-37.1 yuan/mtu, unchanged WoW from last Tuesday; South African high-iron ore is priced at 29.5-30 yuan/mtu, down 1.00% WoW from last Tuesday. Southern ports: Australian lump ore is priced at 39.5-40.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore is priced at 36-36.5 yuan/mtu, down 2.68% WoW from last Tuesday; South African semi-carbonate ore is priced at 33.5-34 yuan/mtu, down 1.46% WoW from last Tuesday; Gabon ore is priced at 38.3-38.8 yuan/mtu, down 1.28% WoW from last Tuesday; South African high-iron ore is priced at 28.5-29 yuan/mtu, unchanged WoW from last Tuesday.

Before and after the Dragon Boat Festival, downstream alloy plants maintained just-in-time procurement of manganese ore, and inventory at ports continued to decline slowly. After the festival, miners' offers fluctuated relatively small, with many adopting a wait-and-see attitude towards market sentiment. The manganese alloy market remained in the doldrums. Alloy plants pressed down prices when purchasing manganese ore, and manganese ore prices struggled to rise. Currently, there are no positive factors in the market, and the spot price of manganese ore is temporarily stable.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

50 mins ago

[SMM Daily Chromium Review] Futures Rose While the Spot Market Remained Temporarily Stable, with Limited Adjustment in the Ferrochrome Market

[SMM Chrome Daily Review: Futures Rose While Spot Held Temporarily Steady, Limited Adjustments in the Ferrochrome Market] March 26, 2026 News: Overseas chrome ore quotations were raised, while ferrochrome retail prices temporarily held steady...

50 mins ago

1 hour ago

HRC Inventory in the Fourth Week of March 2026

This week, HRC social inventory was 3.4922 million mt, down 22,800 mt from the previous period, down 0.65% WoW, up 31.41% YoY, and up 20.59% on a lunar-calendar YoY basis. This week, HRC mill inventory was 1.159 million mt, down 48,700 mt from the previous period, down 4.0% WoW, up 3.60% YoY, and down 1.91% on a lunar-calendar YoY basis. This week, total HRC inventory was 4.6512 million mt, down 71,500 mt from the previous period, down 1.51% WoW, up 23.17% YoY, and up 14.07% on a lunar-calendar YoY basis.

1 hour ago

[SMM Iron & Steel] Hoa Phat Boosts Green Energy at Dung Quat Steel Complex

Vietnamese steelmaker Hoa Phat Group has officially launched the second phase of a massive rooftop solar project at its Dung Quat steelmaking complex to enhance energy self-sufficiency and lower carbon emissions. This 22.5 MWp installation spans rolling mills, the hot-rolled coil production unit, and warehouses, generating roughly 32.8 million kWh annually. Set for full completion across five phases by the second quarter of 2027, the $22.7 million initiative will reach a total capacity of 79.2 MWp, cutting carbon emissions by more than 78,000 metric tons per year and improving the mill's export competitiveness in carbon-regulated markets like the EU.

1 hour ago