[SMM Manganese Ore Weekly Review] Port Activity Increases, Manganese Ore Prices Rise

September 19: Northern ports: Australian lumps 40.6-41.1 yuan/mtu, up 0.74% WoW; South African semi-carbonate 34.2-34.7 yuan/mtu, up 0.58% WoW; Gabon 39.6-40.2 yuan/mtu, up 0.76% WoW; South African high-iron 29.6-30.1 yuan/mtu, up 0.67% WoW; South African medium-iron 35.3-35.8 yuan/mtu, flat WoW.

Southern ports: Australian lumps 40.3-41 yuan/mtu, up 1.25% WoW; South African semi-carbonate 36.3-36.8 yuan/mtu, up 0.55% WoW; Gabon 40.2-40.7 yuan/mtu, up 1.25% WoW; South African high-iron 30.5-31 yuan/mtu, flat WoW; South African medium-iron 36.7-37.4 yuan/mtu, flat WoW.

This week, the manganese ore market operated firmly, with traders' offers showing reluctance to budge on prices, and the transaction price center edged up overall.

This week, plant operations in both north and south China remained at high levels, and the recent high fluctuations in SiMn futures provided positive feedback to the SiMn market. The overall sentiment in the SiMn market was relatively positive, leading to increased acceptance of manganese ore prices. Ore merchants' firm offers continued to play a supporting role, and transaction prices for manganese ore rose overall. Stockpiling by plants for the National Day holiday is underway, maintaining demand for manganese ore, and expectations for price increases persist. Overall, the manganese ore market has been operating firmly recently, with ore merchants still showing strong reluctance to budge on prices. Manganese ore prices are expected to continue fluctuating at highs in the near term.