[SMM Weekly Review of Manganese Ore] Manganese ore offers remain firm, with spot prices rising slightly

As of Friday this week, in northern ports: Australian lump ore was priced at 39.5-40 yuan/mtu, up 0.63% WoW from last Friday; Australian seed ore was priced at 36-37 yuan/mtu, up 0.55% WoW from last Friday; South African semi-carbonate ore was priced at 33.6-34.1 yuan/mtu, up 1.50% WoW from last Friday; Gabonese ore was priced at 37.8-38.8 yuan/mtu, up 3.79% WoW from last Friday; South African high-iron ore was priced at 29.3-29.6 yuan/mtu, up 0.34% WoW from last Friday.

In southern ports: Australian lump ore was priced at 39.5-40 yuan/mtu, up 0.63% WoW from last Friday; Australian seed ore was priced at 35.5-36 yuan/mtu, up 0.56% WoW from last Friday; South African semi-carbonate ore was priced at 33.9-34.4 yuan/mtu, up 1.51% WoW from last Friday; Gabonese ore was priced at 38.5-39 yuan/mtu, unchanged WoW from last Friday; South African high-iron ore was priced at 28.5-29 yuan/mtu, unchanged WoW from last Friday.

Supply situation: The spot market for some manganese ores was relatively tight, supporting the rise in manganese ore prices. Traders had a weak willingness to sell at low prices. On the demand side, SiMn plants were actively inquiring about prices, and their enthusiasm for purchasing manganese ore increased. Coupled with the recent good performance of the SiMn futures market, it drove the upward trend in manganese ore market prices. The future manganese ore prices still need to be closely monitored for changes in the actual purchasing of manganese ore by downstream alloy plants.