Manganese Ore Market Remains Volatile

Published: Feb 23, 2023 14:29

Source: SMM

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Ports in north China: Australian ore 48-48.5 yuan/mtu, flat from the previous trading day, Australian ore 44.5-45.5 yuan/mtu, South African manganese semicarbonate ore 35-36 yuan/mtu,

SHANGHAI, Feb 23 (SMM) - Ports in north China: Australian ore 48-48.5 yuan/mtu, flat from the previous trading day, Australian ore 44.5-45.5 yuan/mtu, South African manganese semicarbonate ore 35-36 yuan/mtu, Gabonese ore 44.5-45.5 yuan/mtu, Brazilian ore 43.5-46 yuan/mtu, South African high-iron manganese ore 33.5-34 yuan/mtu. Ports in south China: Australian ore 48-48.5 yuan/mtu, flat from the previous trading day, Australian ore 44.5-45.5 yuan/mtu, South African manganese semicarbonate ore 38-38.5 yuan/mtu, Gabonese ore 44.5-45 yuan/mtu, Brazilian ore 44-45.5 yuan/mtu, South African high-iron manganese ore 33.5-34 yuan/mtu. According to SMM, rising SiMn futures prices boosted miners’ confidence, hence they were more willing to sell goods with lower prices. However, considering that silicomanganese manufacturers are still cautious in purchasing raw materials, the manganese ore market has not fluctuated greatly for the time being.

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