[SMM Weekly Review of Manganese Ore] Port inventory slowly declines, overseas miners refuse to budge on manganese ore prices

As of this Friday, in northern ports: Australian lump ore was priced at 39-40 yuan/mtu, unchanged from last Friday; Australian seed ore was priced at 35.8-36.8 yuan/mtu, unchanged from last Friday; South African semi-carbonate ore was priced at 33.1-33.6 yuan/mtu, up 1.52% WoW from last Friday; Gabonese ore was priced at 36.4-37.4 yuan/mtu, up 1.1% WoW from last Friday; South African high-iron ore was priced at 29.1-29.6 yuan/mtu, unchanged from last Friday. In southern ports: Australian lump ore was priced at 39-40 yuan/mtu, unchanged from last Friday; Australian seed ore was priced at 35.3-35.8 yuan/mtu, down 0.56% WoW from last Friday; South African semi-carbonate ore was priced at 33.4-33.9 yuan/mtu, up 1.22% WoW from last Friday; Gabonese ore was priced at 38.5-39 yuan/mtu, up 1.04% WoW from last Friday; South African high-iron ore was priced at 28.5-29 yuan/mtu, up 0.7% WoW from last Friday.

At month-end, downstream alloy plants conducted stockpiling purchases of manganese ore, leading to a gradual reduction in inventory at both northern and southern ports. Influenced by the positive performance of the SiMn futures market this week, there was an upward trend in spot manganese ore prices, with some miners maintaining firm offers. Future price movements will depend on the performance of the SiMn futures market and the purchasing activities of downstream alloy plants for manganese ore.