SMM Manganese Ore Weekly Review: Overseas Mine News Disturbance, Spot Prices Under Downward Pressure

Published: Apr 18, 2025 17:25

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As of this Friday, at northern ports: Australian lump ore was priced at 40.5-41 yuan/mtu, down 6.86% MoM; Australian fines at 38.5-39.5 yuan/mtu, down 2.50% MoM; South African semi-carbonate at 34-34.5 yuan/mtu, down 2.84% MoM; Gabonese ore at 39-40 yuan/mtu, down 5.95% MoM; South African high-iron ore at 31-31.5 yuan/mtu, flat MoM. At southern ports: Australian lump ore was priced at 42.5-43 yuan/mtu, down 4.47% MoM; Australian fines at 40.5-41 yuan/mtu, flat MoM; South African semi-carbonate at 35-35.5 yuan/mtu, down 1.40% MoM; Gabonese ore at 41.5-42.5 yuan/mtu, down 5.62% MoM; South African high-iron ore at 29.5-30 yuan/mtu, down 1.65% MoM. According to market sources, Australian manganese ore continues to implement its operational recovery plan, with the main structure of the terminal already installed, and exports are expected to resume in Q2. Currently, high-grade manganese oxide ore has arrived at the ports, leading to an inventory buildup. Downstream alloy plants show weak enthusiasm for manganese ore purchases, with a sluggish market inquiry. Factories are mostly driving down prices for purchases, putting downward pressure on spot prices.

As of this Friday, at northern ports: Australian lump ore was priced at 40.5-41 yuan/mtu, down 6.86% MoM; Australian seed ore at 38.5-39.5 yuan/mtu, down 2.50% MoM; South African semi-carbonate ore at 34-34.5 yuan/mtu, down 2.84% MoM; Gabonese ore at 39-40 yuan/mtu, down 5.95% MoM; South African high-iron ore at 31-31.5 yuan/mtu, flat MoM. At southern ports: Australian lump ore was priced at 42.5-43 yuan/mtu, down 4.47% MoM; Australian seed ore at 40.5-41 yuan/mtu, flat MoM; South African semi-carbonate ore at 35-35.5 yuan/mtu, down 1.40% MoM; Gabonese ore at 41.5-42.5 yuan/mtu, down 5.62% MoM; South African high-iron ore at 29.5-30 yuan/mtu, down 1.65% MoM.

According to market sources, Australian manganese ore continues to implement its operational recovery plan, with the main structure of the terminal already installed, and exports are expected to resume in Q2. Currently, high-grade manganese oxide ore has arrived at the ports, leading to an inventory buildup. Downstream alloy plants show weak purchasing enthusiasm for manganese ore, with a sluggish market inquiry. Factories are mostly driving down prices for purchases, putting downward pressure on spot prices.

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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