Dear Industry Peers,
Hello!
Manganese-rich slag is the core cost raw material for the production of silicomanganese alloy. It is mainly used to supplement manganese and silicon elements in smelting and features outstanding cost-performance advantages. Especially during periods of rising manganese ore prices, manufacturers will significantly increase the procurement ratio of manganese-rich slag to control production costs.
The two regions are core producing areas of manganese-rich slag across the country with strong market representativeness. The details are as follows:
1. Shanxi manganese-rich slag: With a mainstream manganese content of 30%-35%, it ranks as the largest manganese-rich slag producing area in North China. Around 90% of its output is supplied to northern silicomanganese enterprises, endowing it with a strong price vane attribute. Its real-time price data is crucial to the northern market.
2. Hunan manganese-rich slag: Featuring a mainstream manganese content of 30%-31%, it is the dominant manganese-rich slag production base in South China. It mainly supplies silicomanganese manufacturers in Hunan and surrounding regions including Guangxi, Guizhou and Chongqing. Enjoying a market price acceptance rate of over 80%, it serves as a core pricing benchmark for the southern market.
To further improve the price system of manganese raw materials, enhance market transparency and trading efficiency, and better meet the pricing and settlement needs of upstream and downstream players in the industrial chain, SMM decides:
Commencing May 8, 2026, SMM will officially launch two new price:
- Shanxi 30%–35% manganese-rich slag
- Hunan 30%–31% manganese-rich slag
Details of this price point are as follows:
- Description: Shanxi 30%–35% manganese-rich slag
- Quality: Mn 30%–35%
- Quantity: Min 20 tonnes
- Definition: Ex-works (ex-tax)
- Brand Listing: Xinyiyuan Ferroalloy, Yongxin Smelting, etc
- Timing: Prompt
- Unit: Yuan/ton-degree
- Payment Terms: Cash on same day, other payment terms normalized
- Pulication: Weekly, by Friday 11am Beijing Time
- Description: Hunan 30%–31% manganese-rich slag
- Quality: Mn 30%–31%
- Quantity: Min 20 tonnes
- Definition: Ex-works (ex-tax)
- Brand Listing: Zhuyou Industry and Trade Co., Ltd., Xinshidai Manganese Industry, etc.
- Timing: Prompt
- Unit: Yuan/ton-degree
- Payment Terms: Cash on same day, other payment terms normalized
- Pulication: Weekly, by Friday 11am Beijing Time
SMM Nickel Industry Research Department
April 29, 2026