SMM

As of this Friday, at northern ports: Australian lump ore was priced at 41.5-42 yuan/mtu, down 1.18% WoW; Australian fines at 38-38.5 yuan/mtu, down 1.29% WoW; South African semi-carbonate at 33-33.5 yuan/mtu, flat WoW; Gabonese ore at 37.5-38 yuan/mtu, flat WoW; South African high-iron ore at 28.5-29 yuan/mtu, flat WoW. At southern ports: Australian lump ore was priced at 43.5-44 yuan/mtu, flat WoW; Australian fines at 39-39.5 yuan/mtu, flat WoW; South African semi-carbonate at 34-34.5 yuan/mtu, flat WoW; Gabonese ore at 40-40.5 yuan/mtu, flat WoW; South African high-iron ore at 29-29.5 yuan/mtu, flat WoW. During the week, miners showed weak willingness to actively quote prices. As the holiday approached, sentiment to stand firm on quotes was strong, and prices remained firm. Some miners held back from selling, waiting to quote after the New Year. On the demand side, port manganese ore destocking accelerated, and downstream alloy plants were more active in pre-holiday purchasing. However, downstream alloy plants were cautious about manganese ore procurement and showed weak acceptance of high-priced manganese ore, often opting for bargain down purchasing prices. Additionally, the alloy spot market fluctuated downward, coupled with the continued downward trend in SiMn alloy futures, putting upward pressure on the manganese ore spot market.