SMM Manganese Ore Weekly Review: Market Purchase Sluggish, Spot Prices Under Pressure

Published: Apr 27, 2025 11:37

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As of this Friday, at northern ports, Australian lump ore was priced at 39-39.5 yuan/mtu, down 3.68% WoW; Australian seed ore at 38-39 yuan/mtu, down 1.28% WoW; South African semi-carbonate ore at 33.5-34 yuan/mtu, down 1.46% WoW; Gabonese ore at 37.5-38.5 yuan/mtu, down 3.80% WoW; South African high-iron ore at 30.5-31 yuan/mtu, down 1.60% WoW. At southern ports, Australian lump ore was priced at 41.5-42 yuan/mtu, down 2.34% WoW; Australian seed ore at 39.5-40 yuan/mtu, down 2.45% WoW; South African semi-carbonate ore at 34.5-35 yuan/mtu, down 1.42% WoW; Gabonese ore at 40.5-41.5 yuan/mtu, down 2.38% WoW; South African high-iron ore at 29-29.5 yuan/mtu, down 1.68% WoW. During the week, there was a slight inventory buildup of manganese ore at ports. Downstream alloy plants showed slightly active inquiries before the Labour Day holiday, but actual transactions were sluggish. Severely affected by losses, alloy plants had a strong willingness to reduce or halt production, leading to weak demand for manganese ore raw materials. Some alloy plants made just-in-time procurement of manganese ore in small quantities, with weak sentiment for large-scale stockpiling.

As of this Friday, at northern ports: Australian lump was priced at 39-39.5 yuan/mtu, down 3.68% MoM; Australian seed at 38-39 yuan/mtu, down 1.28% MoM; South African semi-carbonate at 33.5-34 yuan/mtu, down 1.46% MoM; Gabonese at 37.5-38.5 yuan/mtu, down 3.80% MoM; South African high-iron at 30.5-31 yuan/mtu, down 1.60% MoM. At southern ports: Australian lump was priced at 41.5-42 yuan/mtu, down 2.34% MoM; Australian seed at 39.5-40 yuan/mtu, down 2.45% MoM; South African semi-carbonate at 34.5-35 yuan/mtu, down 1.42% MoM; Gabonese at 40.5-41.5 yuan/mtu, down 2.38% MoM; South African high-iron at 29-29.5 yuan/mtu, down 1.68% MoM.

During the week, there was a slight inventory buildup of manganese ore at ports. Downstream alloy plants showed slightly active inquiries before the Labour Day holiday, but actual transactions were sluggish. Severely affected by losses, alloy plants had a strong intention to reduce or halt production, leading to weak demand for manganese ore raw materials. Some alloy plants made just-in-time procurement of manganese ore in small quantities, with weak sentiment for large-scale stockpiling.

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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