Manganese Ore Prices Mixed Across Northern and Southern Ports, Market Sentiment Remains Pessimistic

As of this Friday, prices at the northern ports stood at 43.5-44 yuan/tonne for Australian lump manganese ore, 42-42.5 yuan/tonne for Australian manganese fines, 31-31.5 yuan/tonne for South African semi-carbonate manganese ore, 42-42.5 yuan/tonne for Gabonese manganese ore, and 30.5-31 yuan/tonne for South African high-iron manganese ore. Meanwhile, prices at the southern ports were 42.5-43 yuan/tonne for Australian lump manganese ore, 41-41.5 yuan/tonne for Australian manganese fines, 30-30.5 yuan/tonne for South African semi-carbonate manganese ore, 41-41.5 yuan/tonne for Gabonese manganese ore, and 29-29.5 yuan/tonne for South African high-iron manganese ore.

This week, prior to the National Day holiday, there have been a few restocking activities by silico-manganese plants, but substantial procurement demand remains absent, leading to relatively sluggish actual transactions. The pricing of mainstream steel tenders fell short of expectations, sustaining pessimism in the silico-manganese market and prompting strong intentions among silico-manganese plants to reduce or halt production. Additionally, the severe production losses currently being incurred by silico-manganese plants have dampened enthusiasm for purchasing high-grade manganese oxide ore, resulting in a slight decrease in prices for such ore at northern ports.