[SMM Manganese Ore Weekly Review] High-Grade Manganese Oxide Ore Supply Is Expected to Tighten

Published: Jul 2, 2024 17:02

Source: SMM

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As of last Friday, northern ports: Australian lump prices were 69-70 yuan/mtu.

As of last Friday, northern ports: Australian lump prices were 69-70 yuan/mtu, Australian granule at 66.5-67.5 yuan/mtu, South African semi-carbonate at 56.5-57.5 yuan/mtu, Gabonese manganese ore at 68-69 yuan/mtu, Brazilian manganese ore at 37-38 yuan/mtu, and South African manganese ore with high Fe content at 39-40 yuan/mtu. Southern ports: Australian lump prices were 66.5-67.5 yuan/mtu, Australian granule at 64-65 yuan/mtu, South African semi-carbonate at 49-50 yuan/mtu, Gabonese manganese ore at 64-65 yuan/mtu, Brazilian manganese ore at 36-37 yuan/mtu, and South African manganese ore with high Fe content at 37-38 yuan/mtu.
Last week, factory procurement was relatively quiet, with some price suppression observed. The price of South African manganese ore with medium Fe content fell. Traders quoted higher as overseas offers rose. Overall, manganese ore prices are expected to fluctuate upward in the near future.

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