[SMM Daily Review] Manganese-silicon futures hold up well, manganese ore prices stop falling and rebound

Published: May 13, 2025 16:09

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[SMM Daily Review] Ferromanganese futures market holds up well, manganese ore prices rebound after falling On May 13: Northern ports: Australian lump ore at 38-38.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore at 36.5-37.5 yuan/mtu, down 1.33% WoW from last Tuesday; South African semi-carbonate ore at 32.5-33 yuan/mtu, unchanged WoW from last Tuesday; Gabon ore at 37-38 yuan/mtu, down 1.35% WoW from last Tuesday; South African high-iron ore at 30-30.5 yuan/mtu, down 1.63% WoW from last Tuesday. Southern ports: Australian lump ore at 39-39.5 yuan/mtu, down 2.48% WoW from last Tuesday; Australian seed ore at 38-38.5 yuan/mtu, unchanged but down 1.29% WoW from last Tuesday; South African semi-carbonate ore at 34-34.5 yuan/mtu, unchanged but down 1.44% WoW from last Tuesday; Gabon ore at 39-39.5 yuan/mtu, down 3.09% WoW from last Tuesday; South African high-iron ore at 28.3-28.8 yuan/mtu, down 2.39% WoW from last Tuesday.

On May 13: Northern ports: Australian lump ore was priced at 38-38.5 yuan/mtu, unchanged WoW from last Tuesday; Australian seed ore was priced at 36.5-37.5 yuan/mtu, down 1.33% WoW from last Tuesday; South African semi-carbonate ore was priced at 32.5-33 yuan/mtu, unchanged WoW from last Tuesday; Gabonese ore was priced at 37-38 yuan/mtu, down 1.35% WoW from last Tuesday; South African high-iron ore was priced at 30-30.5 yuan/mtu, down 1.63% WoW from last Tuesday. Southern ports: Australian lump ore was priced at 39-39.5 yuan/mtu, down 2.48% WoW from last Tuesday; Australian seed ore was priced at 38-38.5 yuan/mtu, unchanged WoW from last Tuesday and down 1.29% MoM; South African semi-carbonate ore was priced at 34-34.5 yuan/mtu, unchanged WoW from last Tuesday and down 1.44% MoM; Gabonese ore was priced at 39-39.5 yuan/mtu, down 3.09% WoW from last Tuesday; South African high-iron ore was priced at 28.3-28.8 yuan/mtu, down 2.39% WoW from last Tuesday.

Influenced by favourable macro policies, the SiMn futures market has recently rebounded and continued to hold up well. Influenced by the positive futures market, miners have strong sentiment to stand firm on quotes. Inquiries in the manganese ore market have been active, with transactions following suit. The sentiment in the downstream manganese alloy sector has improved, and it is expected that the manganese ore market will continue to show an upward trend in the future, driven by the alloy sector.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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