[SMM Manganese Ore Weekly Review] Port Spot Cargoes Stay High, Manganese Ore Market Consolidates at Lows

August 14: North China ports: 46% Australian lumps at 40-40.5 yuan/mtu, flat WoW; South African semi-carbonate ore at 32.2-32.7 yuan/mtu, down WoW; Gabonese ore at 37.8-38.2 yuan/mtu, flat WoW; South African high-iron ore at 28.5-29 yuan/mtu, flat WoW; South African medium-iron ore at 35-35.5 yuan/mtu, flat WoW. South China ports: 46% Australian lumps at 42.9-43.4 yuan/mtu, flat WoW; South African semi-carbonate ore at 36.3-36.8 yuan/mtu, flat WoW; Gabonese ore at 40.6-41.1 yuan/mtu, flat WoW; South African high-iron ore at 31.2-31.7 yuan/mtu, flat WoW; South African medium-iron ore at 38-38.5 yuan/mtu, flat WoW. Demand for manganese ore was subdued, port spot cargoes were elevated, and port manganese ore prices would consolidate at lows in the short term.