[SMM Manganese Ore Weekly Review] SiMn Alloy Performed Well, Manganese Ore Prices Slightly Up

Published: Nov 1, 2024 17:48

Source: SMM

Save

This week, due to the good performance of SiMn alloy futures, the SiMn alloy spot market slightly increased, driving the manganese ore spot prices up slightly.

As of this Friday, at northern ports: Australian lump was 40.5-41 yuan/mtu (flat WoW); Australian granular was 39.5-40 yuan/mtu (flat WoW); South African semi-carbonate was 31.5-32 yuan/mtu (flat WoW); Gabonese ore was 36.5-37 yuan/mtu (down 2.65% WoW); South African high-iron ore was 29-29.5 yuan/mtu (down 3.31% WoW). At southern ports: Australian lump was 44-44.5 yuan/mtu (flat WoW); Australian granular was 42-42.5 yuan/mtu (flat WoW); South African semi-carbonate was 32-32.5 yuan/mtu (flat WoW); Gabonese ore was 41-41.5 yuan/mtu (up 6.45% WoW); South African high-iron ore was 30.5-31 yuan/mtu (flat WoW).

This week, due to the good performance of SiMn alloy futures, the SiMn alloy spot market slightly increased, driving the manganese ore spot prices up slightly. Additionally, the overseas market's December manganese ore quotations remained flat. Miners had a low willingness to sell at low prices, but actual transactions were average, with little fluctuation in manganese ore spot transaction prices. Downstream alloy plants were actively inquiring, but were cautious about purchasing high-priced manganese ore. Future trends still need to focus on the actual procurement situation of alloy plants for manganese ore.

Market forecast Market review

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 hours ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

16 hours ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

16 hours ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

16 hours ago