[SMM Weekly Manganese Ore Review] Alloy plants mostly drove down prices when purchasing, and manganese ore prices were in the doldrums

As of Friday this week, at northern ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, unchanged WoW from last Friday; Australian seed ore was priced at 35.8-36.8 yuan/mtu, down 0.55% WoW from last Friday; South African semi-carbonate ore was priced at 32.6-33.1 yuan/mtu, down 1.50% WoW from last Friday; Gabon ore was priced at 35.6-36.6 yuan/mtu, down 1.37% WoW from last Friday; South African high-iron ore was priced at 29.3-29.8 yuan/mtu, down 0.67% WoW from last Friday. At southern ports: Australian lump ore was priced at 39.3-40.3 yuan/mtu, down 0.50% WoW from last Friday; Australian seed ore was priced at 35.5-36 yuan/mtu, down 1.38% WoW from last Friday; South African semi-carbonate ore was priced at 33-33.5 yuan/mtu, down 1.48% WoW from last Friday; Gabon ore was priced at 38.1-38.6 yuan/mtu, down 0.52% 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. Manganese ore inventories at ports continued to decline slowly during the week. Downstream alloy plants maintained a cautious approach to purchasing small quantities of manganese ore to meet their immediate needs. However, due to ongoing losses on production, alloy plants had low acceptance of high-priced manganese ore raw materials and tended to drive down prices when purchasing. Miners' offers were under pressure, and the spot price of manganese ore was in the doldrums. Attention should be paid to the future performance of SiMn futures and the actual purchasing situation of manganese ore by downstream alloy plants.