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  Mine Operators Hold Strong Reluctance to Sell, Manganese Ore Market Fluctuates Upward [SMM Manganese Ore Daily Report]

  November 18 news: Northern ports: South African high-iron ore at 29.6-30.1 yuan/mtu, flat WoW; South African semi-carbonate ore at 34.1-34.6 yuan/mtu, flat WoW; Gabonese ore at 39.7-40.5 yuan/mtu, flat WoW; Australian lumps at 39.9-40.6 yuan/mtu, flat WoW; South African medium-iron ore at 35.4-35.9 yuan/mtu, up 0.28% WoW. Southern ports: South African high-iron ore at 30.8-31.3 yuan/mtu, flat WoW; South African semi-carbonate ore at 36.9-37.6 yuan/mtu, flat WoW; Gabonese ore at 40.5-41.2 yuan/mtu, flat WoW; Australian lumps at 40.2-40.9 yuan/mtu, flat WoW; South African medium-iron ore at 37.3-37.8 yuan/mtu, up 1.35% WoW. Overall, the manganese ore market currently shows a supply-demand pattern characterized by tight supply, divergent demand, and healthy inventory. In the short term, supply pressure is relatively limited, and the market is expected to hold up well.

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• SiMn Futures Show a Downward Trend, Market Sentiment Remains Cautious [SMM SiMn Futures Review]

  November 18: The SM2601 contract opened at 5,780 yuan/mt and closed at 5,680 yuan/mt, down 1.90%. The highest price during the daytime session was 5,790 yuan/mt, and the lowest price was 5,650 yuan/mt. Trading volume reached 395,700 lots, and open interest stood at 404,398 lots. Futures held up well today. Cost side, the fourth round of coke price increases was fully implemented, with coke prices stabilizing after the rise. The manganese ore market also held up well, keeping cost support firm. Supply side, nationwide supply pressure remained high. New capacity in Hunan commenced operations today, while plants in other regions maintained scheduled production. Demand side, as the off-season began, HBIS's tender volume for this month pulled back MoM. The tender price was 5,820 yuan/mt, flat MoM. Steel mills showed little willingness to offer concessions on SiMn procurement. Currently, spot SiMn market sentiment remains cautious, and spot prices held steady.

• [SMM Hot-Rolled Arrivals] Arrivals in major northern and southern cities diverged this week.  

  SMM Steel, November 4 – According to SMM statistics, the estimated total shipments of mainstream markets this week were 245,800 mt, up 31.51% WoW. By market: