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[SMM Manganese Ore Weekly Review] The Market Appears Slightly Chaotic, Spot Market Fluctuates Downward

  • Feb 14, 2025, at 2:08 pm
As of this Friday, at northern ports: Australian lump ore was priced at 50-50.5 yuan/mtu (flat MoM); Australian fines at 42.5-43 yuan/mtu (down 2.29% MoM); South African semi-carbonate at 39-39.5 yuan/mtu (down 1.26% MoM); Gabonese ore at 48-50 yuan/mtu (flat MoM); and South African high-iron ore at 30-30.5 yuan/mtu (flat MoM). At southern ports: Australian lump ore was priced at 45.5-46 yuan/mtu (down 2.14% MoM); Australian fines at 43.5-44 yuan/mtu (down 2.23% MoM); South African semi-carbonate at 36.5-37 yuan/mtu (down 2.65% MoM); Gabonese ore at 45-47 yuan/mtu (down 10.08% MoM); and South African high-iron ore at 9.5-30 yuan/mtu (flat MoM). Earlier in the week, supported by reduced manganese ore shipments in the future market, miners maintained firm offers, and manganese ore prices fluctuated upward. Subsequently, influenced by the continued downward fluctuation in SiMn alloy futures, market sentiment for manganese ore pulled back. Most miners temporarily withheld offers, showing weak willingness to sell at lower prices. By Friday, alloy plants largely bargained down purchasing prices for manganese ore, leading miners to slightly lower their offers, with manganese ore spot prices fluctuating downward.

As of this Friday, at northern ports: Australian lump ore was priced at 50-50.5 yuan/mtu (flat MoM); Australian fines at 42.5-43 yuan/mtu (down 2.29% MoM); South African semi-carbonate at 39-39.5 yuan/mtu (down 1.26% MoM); Gabonese ore at 48-50 yuan/mtu (flat MoM); and South African high-iron ore at 30-30.5 yuan/mtu (flat MoM). At southern ports: Australian lump ore was priced at 45.5-46 yuan/mtu (down 2.14% MoM); Australian fines at 43.5-44 yuan/mtu (down 2.23% MoM); South African semi-carbonate at 36.5-37 yuan/mtu (down 2.65% MoM); Gabonese ore at 45-47 yuan/mtu (down 10.08% MoM); and South African high-iron ore at 9.5-30 yuan/mtu (flat MoM).

Earlier in the week, supported by reduced manganese ore shipments in the future market, miners maintained firm offers, and manganese ore prices fluctuated upward. Later, influenced by the continued downward fluctuation in SiMn alloy futures, market sentiment for manganese ore pulled back. Most miners temporarily withheld offers, showing weak willingness to sell at low prices. As of Friday, alloy plants largely bargained down purchasing prices for manganese ore, leading miners to slightly lower their offers, with spot manganese ore prices fluctuating downward.

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