[SMM Weekly Manganese Ore Review] Spot price of manganese ore rises slightly, market sentiment positive

As of Friday this week, in northern ports: Australian lump ore was priced at 39.5-40 yuan/mtu, unchanged from last Friday; Australian seed ore was priced at 36-37 yuan/mtu, unchanged from last Friday; South African semi-carbonate ore was priced at 33.8-34.3 yuan/mtu, up 0.59% WoW from last Friday; Gabonese ore was priced at 37.8-38.8 yuan/mtu, unchanged from last Friday; South African high-iron ore was priced at 29.3-29.6 yuan/mtu, unchanged from last Friday.

In southern ports: Australian lump ore was priced at 39.5-40 yuan/mtu, unchanged from last Friday; Australian seed ore was priced at 35.5-36 yuan/mtu, unchanged from last Friday; South African semi-carbonate ore was priced at 33.9-34.4 yuan/mtu, unchanged from last Friday; Gabonese ore was priced at 38.8-39.3 yuan/mtu, up 0.77% WoW from last Friday; South African high-iron ore was priced at 28.5-29 yuan/mtu, unchanged from last Friday.

This week, the SiMn futures market showed a positive trend, with market sentiment fluctuating in line with the futures market movements. The overall attitude in the manganese ore market was positive, with miners maintaining firm offers and a gradual decrease in low-price sales. Additionally, the concentration of cargo ownership for some manganese oxide ores at ports increased, leading to a reduction in market circulation and supporting the firmness of manganese ore spot prices. The room for downstream SiMn factories to drive down prices narrowed, with spot transaction prices showing a slight increase.