Manganese Ore Market Warms Up, Spot Transaction Prices Rise [SMM Manganese Ore Daily Review]

September 16: Northern ports: Australian lumps 40.6-41.1 yuan/mtu, up 1.24% WoW; South African semi-carbonate 34.2-34.7 yuan/mtu, flat WoW; Gabonese 39.6-40.2 yuan/mtu, up 1.53% WoW; South African high-iron 29.4-29.9 yuan/mtu, flat WoW; South African medium-iron 35.3-35.8 yuan/mtu, up 0.57% WoW.

Southern ports: Australian lumps 40.3-41 yuan/mtu, up 1.75% WoW; South African semi-carbonate 36.3-36.8 yuan/mtu, flat WoW; Gabonese 40.2-40.7 yuan/mtu, up 2.02% WoW; South African high-iron 30.5-31 yuan/mtu, flat WoW; South African medium-iron 36.7-37.4 yuan/mtu, up 0.54% WoW.

Demand side, downstream SiMn alloy plants held up well, with futures fluctuating at highs. High futures boosted market sentiment for SiMn, enhancing factory purchasing enthusiasm. Coupled with the approaching pre-National Day restocking cycle, alloy plants' acceptance of manganese ore prices slightly improved, leading to higher transaction prices.

Inventory side, stocks of some ore types at Qinzhou Port declined, with miners holding strong reluctance to sell and few low-price transactions.

Overall, manganese ore market prices remained firm recently, with improved market sentiment. Focus on downstream alloy plants' actual demand for manganese ore.