June 26: Northern ports: South African high-iron ore 30.8-31.7 yuan/mtu, down WoW; South African semi-carbonate ore 37.2-37.7 yuan/mtu, down WoW; Gabonese ore 40.6-41 yuan/mtu, flat WoW; 46% Australian lumps 43.3-43.8 yuan/mtu, flat WoW; South African medium-iron ore 37-37.5 yuan/mtu, down WoW. Southern ports: South African high-iron ore 34-34.5 yuan/mtu, down WoW; South African semi-carbonate ore 36.5-37 yuan/mtu, flat WoW; Gabonese ore 41-41.5 yuan/mtu, flat WoW; 46% Australian lumps 43.5-44 yuan/mtu, flat WoW; South African medium-iron ore 37-37.5 yuan/mtu, flat WoW. The manganese ore market is stable but stagnant, end-use demand is weak, and wait-and-see sentiment prevails among buyers and sellers.

June 18: North China ports: South African high-iron manganese ore: 31.4-32.1 yuan/mtu, flat WoW; South African semi-carbonate: 37.5-38 yuan/mtu, down WoW; Gabonese ore: 40.6-41 yuan/mtu, down WoW; 46% Australian lumps: 43.3-43.8 yuan/mtu, down WoW; South African medium-iron ore: 37.5-38 yuan/mtu, flat WoW. South China ports: South African high-iron manganese ore: 34.1-34.6 yuan/mtu, flat WoW; South African semi-carbonate: 36.5-37 yuan/mtu, flat WoW; Gabonese ore: 41-41.5 yuan/mtu, down WoW; 46% Australian lumps: 43.5-44 yuan/mtu, flat WoW; South African medium-iron ore: 37-37.5 yuan/mtu, flat WoW. The manganese ore market remains stable but stagnant, with sluggish end-use demand and a dominant wait-and-see sentiment in trading.

June 12: Northern ports: South African high-iron ore: 31.4-32.1 yuan/mtu, down from last Friday; South African semi-carbonate ore: 37.8-38.3 yuan/mtu, flat from last Friday; Gabonese ore: 41-41.6 yuan/mtu, down from last Friday; 46% Australian lumps: 43.5-44 yuan/mtu, flat from last Friday; South African medium-iron ore: 37.5-38 yuan/mtu, down from last Friday. Southern ports: South African high-iron ore: 34.1-34.6 yuan/mtu, down from last Friday; South African semi-carbonate ore: 36.5-37 yuan/mtu, flat from last Friday; Gabonese ore: 41.5-42 yuan/mtu, down from last Friday; 46% Australian lumps: 43.5-44 yuan/mtu, flat from last Friday; South African medium-iron ore: 37-37.5 yuan/mtu, down from last Friday. The manganese ore market is steady but stagnant, end-use demand is sluggish, and a wait-and-see sentiment prevails.

June 5 News: North China ports: South African high-iron ore at yuan/mtu 32-32.5, down WoW from last Friday; South African semi-carbonate ore at yuan/mtu 37.8-38.3, down WoW from last Friday; Gabonese ore at yuan/mtu 41.2-41.8, flat WoW from last Friday; 46% grade Australian lumps at yuan/mtu 43.5-44, down WoW from last Friday; South African medium-iron ore at yuan/mtu 38.5-39, down WoW from last Friday. South China ports: South African high-iron ore at yuan/mtu 34.9-35.4, down WoW from last Friday; South African semi-carbonate ore at yuan/mtu 36.5-37, flat WoW from last Friday; Gabonese ore at yuan/mtu 41.7-42.2, flat WoW from last Friday; 46% grade Australian lumps at yuan/mtu 43.5-44, down WoW from last Friday; South African medium-iron ore at yuan/mtu 38-38.5, down WoW from last Friday. With weakening cost support outside China and sluggish end-use demand, spot manganese ore in China fluctuates downward overall, though the short-term decline has moderated somewhat.

January 9 news: Northern ports: South African high-iron 30-32.1 yuan/mtu, up 2.64% from pre-holiday; South African semi-carbonate 35.5-36 yuan/mtu, up 4.38% from pre-holiday; Gabon 43-43.6 yuan/mtu, up 0.23% from pre-holiday; 46% Australian lumps 43.9-44.4 yuan/mtu, up 1.15% from pre-holiday; South African medium-iron 38.1-38.6 yuan/mtu, up 2.68% from pre-holiday. Southern ports: South African high-iron 31.8-32.3 yuan/mtu, flat from pre-holiday; South African semi-carbonate 35.3-36 yuan/mtu, up 0.56% WoW from pre-holiday; Gabon 41.5-42 yuan/mtu, flat from pre-holiday; 46% Australian lumps 41.5-42.2 yuan/mtu, up 0.72% from pre-holiday; South African medium-iron 38.9-39.4 yuan/mtu, up 3.98% from pre-holiday. Post-holiday manganese ore market prices continued their firm trend, with spot transaction prices for various manganese ore grades rising by different margins this week.

According to the latest release from the General Administration of Customs, SMM statistics show that China's total manganese ore imports in November 2025 reached 2.6942 million mt, down 13.09% MoM but up 22.38% YoY. Cumulative imports from January to November amounted to 29.568 million mt, an increase of 10.39% compared to the same period last year. The main reasons for the MoM decline in manganese ore imports in November were: On one hand, the pace of shipments from overseas manganese mines slowed down, leading to reduced imports into China. Firstly, port logistics efficiency in Gabon remained constrained, with railway transport bottlenecks restricting overall shipment volumes. Shipments from the Moanda manganese mine in Gabon in Q3 2025 totaled 1.586 million mt, down 13% YoY, primarily due to railway transport bottlenecks, which forced adjustments in mine production: Comilog has reduced both Gabon manganese ore production and shipment volumes to match railway transport capacity. Secondly, after shipment reductions from Ghana, volumes have not returned to normal levels, and imports from non-mainstream source countries such as Brazil and Malaysia were limited, making it difficult to fill the supply gap left by mainstream sources like Gabon and Ghana. On the other hand, downstream traditional alloy industries remained sluggish, with weakened procurement demand. Operating rates at alloy plants in both northern and southern China were generally lower, and purchasing was cautious, mostly maintaining a just-in-time procurement model without stockpiling.

December 5 news: Northern ports: South African high-iron ore at 29.6-30.1 yuan/mtu, flat WoW; South African semi-carbonate ore at 34.1-34.8 yuan/mtu, flat WoW; Gabon ore at 41.7-42.5 yuan/mtu, up 2.43% WoW; Australian lumps at 41-41.7 yuan/mtu, up 2.48% WoW; South African medium-iron ore at 36.6-37.1 yuan/mtu, up 3.37% WoW. Southern ports: South African high-iron ore at 30.8-31.3 yuan/mtu, flat WoW; South African semi-carbonate ore at 36.9-37.8 yuan/mtu, flat WoW; Gabon ore at 40.6-41.5 yuan/mtu, flat WoW; Australian lumps at 40.5-41.2 yuan/mtu, up 0.49% WoW; South African medium-iron ore at 37.6-38.1 yuan/mtu, flat WoW. Overall, port inventories of high-grade lump ore are tightening, bargaining power is tilting toward sellers, and purchasing negotiations are becoming increasingly difficult. The manganese ore market is expected to hold up well in the short term, with high-grade ore likely to continue leading the gains.

December 2 news: Northern ports: South African high-iron manganese ore at 29.6-30.1 yuan/mtu, flat WoW; South African semi-carbonate at 34.1-34.8 yuan/mtu, flat WoW; Gabonese ore at 41.2-42 yuan/mtu, up 3.23% WoW; Australian lumps at 40-41.4 yuan/mtu, up 1.73% WoW; South African medium-iron manganese ore at 35.9-36.4 yuan/mtu, up 1.40% WoW. Southern ports: South African high-iron manganese ore at 30.8-31.3 yuan/mtu, flat WoW; South African semi-carbonate at 36.9-37.8 yuan/mtu, flat WoW; Gabonese ore at 40.6-41.5 yuan/mtu, flat WoW; Australian lumps at 40.5-41.2 yuan/mtu, up 0.49% WoW; South African medium-iron manganese ore at 37.6-38.1 yuan/mtu, up 0.80% WoW. At the beginning of the week, the manganese ore market continued its previous firm trend, with varied performance across different varieties.

November 11 news: Northern ports: South African high-iron ore at 29.6-30.1 yuan/mtu, up 0.34% WoW; South African semi-carbonate ore at 34.1-34.6 yuan/mtu, flat WoW; Gabon ore at 39.7-40.5 yuan/mtu, up 0.25% WoW; Australian lumps at 39.9-40.6 yuan/mtu, flat WoW; South African medium-iron ore at 35.2-35.9 yuan/mtu, flat WoW. Southern ports: South African high-iron ore at 30.8-31.3 yuan/mtu, up 0.32% WoW; South African semi-carbonate ore at 36.9-37.6 yuan/mtu, flat WoW; Gabon ore at 40.5-41.2 yuan/mtu, up 0.25% WoW; Australian lumps at 40.2-40.9 yuan/mtu, flat WoW; South African medium-iron ore at 36.7-37.4 yuan/mtu, flat WoW. Overall, due to high concentration of cargo ownership and elevated future costs, the manganese ore market at ports shows a firm price sentiment, and ore prices are expected to remain strong in the short term.

November 7 news: North China ports: South African high-iron manganese ore at 29.4-30.1 yuan/mtu, up 0.34% WoW from last Friday; South African semi-carbonate at 34.1-34.6 yuan/mtu, up 0.29% WoW from last Tuesday; Gabonese ore at 39.6-40.4 yuan/mtu, flat WoW from last Friday; Australian lumps at 39.9-40.4 yuan/mtu, down 0.25% WoW from last Tuesday; South African medium-iron manganese ore at 35.2-35.9 yuan/mtu, up 0.28% WoW from last Friday. South China ports: South African high-iron manganese ore at 30.7-31.2 yuan/mtu, up 0.32% WoW from last Friday; South African semi-carbonate at 36.9-37.4 yuan/mtu, up 0.27% WoW from last Friday; Gabonese ore at 40.5-40.1 yuan/mtu, flat WoW from last Friday; Australian lumps at 40.1-40.8 yuan/mtu, down 0.25% WoW from last Friday; South African medium-iron manganese ore at 36.7-37.4 yuan/mtu, up 0.54% WoW from last Friday. Overall, the manganese ore market shows no significant changes in supply and demand, maintaining a firm and stable trend.