SMM

[SMM Daily Review] Sentiment Slightly Pulls Back, Spot Prices Slightly Adjusted Downward February 18: Northern Ports: Australian lump ore at 49-49.5 yuan/mtu, down 5.74% MoM; Australian fines at 41.5-42 yuan/mtu, down 6.70% MoM; South African semi-carbonate at 38-38.5 yuan/mtu, down 7.27% MoM; Gabon ore at 47-49 yuan/mtu, down 5.88% MoM; South African high-iron ore at 30-30.5 yuan/mtu, flat MoM. Southern Ports: Australian lump ore at 44.5-45 yuan/mtu, down 6.28% MoM; Australian fines at 42.5-43 yuan/mtu, down 6.56% MoM; South African semi-carbonate at 36.5-37 yuan/mtu, down 5.16% MoM; Gabon ore at 44-46 yuan/mtu, down 6.25% MoM; South African high-iron ore at 29.5-30 yuan/mtu, flat MoM. The manganese ore market is currently holding back from selling, with market sentiment pulling back and miners showing weak willingness to actively quote prices. Alloy plants are actively inquiring, but actual transactions remain limited, with downward pressure on manganese ore purchases. At present, manganese ore lacks support for standing firm on quotes, and spot prices are fluctuating downward. Further attention is needed on changes in actual procurement demand from alloy plants in the future.