Sentiment for manganese ore turns bullish, while downstream manganese-silicon futures hold up well [SMM Manganese Ore Daily Review]

July 22 News: Northern ports: Australian lump ore priced at 39.7-40.2 yuan/mtu, up 0.50% WoW from last Tuesday; Australian pellet ore at 36.2-37.2 yuan/mtu, up 0.55% WoW from last Tuesday; South African semi-carbonate ore at 33.9-34.4 yuan/mtu, up 0.29% WoW from last Tuesday; Gabonese ore at 38-38.8 yuan/mtu, unchanged WoW from last Tuesday; South African high-iron ore at 29.3-29.6 yuan/mtu, unchanged WoW from last Tuesday.

Southern ports: Australian lump ore priced at 39.7-40.2 yuan/mtu, up 0.50% WoW from last Tuesday; Australian pellet ore at 35.7-36.2 yuan/mtu, up 0.56% WoW from last Tuesday; South African semi-carbonate ore at 34-34.5 yuan/mtu, up 0.29% WoW from last Tuesday; Gabonese ore at 38.8-39.3 yuan/mtu, unchanged WoW from last Tuesday; South African high-iron ore at 29.2-29.7 yuan/mtu, up 2.43% WoW from last Tuesday.

 Port situation: Ports experienced minor destocking. Downstream, the SiMn futures market held up well, breaking through 6,000 yuan/mt, driving a positive sentiment in the manganese ore market. Miners maintained firm quotes, and downstream acceptance slightly improved, leading to an upward trend in spot manganese ore transaction prices. With the peak procurement period for SiMn plants approaching this week, there will be an increase in market inquiries, and the sentiment for a rise in spot manganese ore prices in the near future is strong.