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

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.