SMM

[SMM Daily Review] Tug-of-War Between Supply and Demand Continues, Manganese Ore Remains Stable and Operates in a Wait-and-See Mode March 18: Northern Ports: Australian lump ore at 48-48.5 yuan/mtu (flat MoM); Australian fines at 41-41.5 yuan/mtu (flat MoM); South African semi-carbonate at 37.5-38 yuan/mtu (flat MoM); Gabonese ore at 47-49 yuan/mtu (flat MoM); South African high-iron ore at 30-30.5 yuan/mtu (flat MoM). Southern Ports: Australian lump ore at 45-45.5 yuan/mtu (flat MoM); Australian fines at 42-42.5 yuan/mtu (flat MoM); South African semi-carbonate at 36-36.5 yuan/mtu (flat MoM); Gabonese ore at 44-46 yuan/mtu (flat MoM); South African high-iron ore at 29.5-30 yuan/mtu (flat MoM). Port manganese ore inventory remains relatively low, with some miners holding back from selling and showing strong bullish sentiment. Downstream alloy plants are cautious in purchasing manganese ore, often pressing for lower prices. Currently, the tug-of-war between supply and demand in the manganese ore market continues, and the spot market remains stable and operates in a wait-and-see mode.