Spot price of manganese ore stabilizes, with tug-of-war between sellers and buyers in the market continuing [SMM Manganese Ore Daily Review]

Published: Jul 8, 2025 16:16

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Recently, SiMn futures prices have remained at a relatively high level, driving a positive market sentiment in the manganese ore market. Miners are generally reluctant to sell at low prices. The concentration of cargo ownership at ports...

July 8 news: Northern ports: Australian lump ore 39.5-40 yuan/mtu, up 0.63% WoW; Australian fines 36-37 yuan/mtu, up 0.55% WoW; South African semi-carbonate 33.6-34.1 yuan/mtu, flat WoW; Gabonese 39.8-40.8 yuan/mtu, up 8.63% WoW; South African high iron 29.3-29.6 yuan/mtu, up 0.34% WoW.

Southern ports: Australian lump ore 39.5-40 yuan/mtu, up 0.63% WoW; Australian fines 35.5-36 yuan/mtu, up 0.56% WoW; South African semi-carbonate 33.9-34.4 yuan/mtu, flat WoW; Gabonese 38.5-39 yuan/mtu, flat WoW; South African high iron 28.5-29 yuan/mtu, flat WoW.

Recently, SiMn futures prices remained at relatively high levels, driving positive market sentiment for manganese ore, with miners generally reluctant to sell at low prices. The concentration of port ownership increased, reducing the circulation volume of some manganese ores.

Most downstream SiMn alloy plants maintained cautious procurement attitudes due to firm ore prices, avoiding large stockpiles and continuing just-in-time procurement. Overall inventory at Tianjin Port and Qinzhou Port remained high.

In summary, spot prices in the manganese ore market recently stabilized, with the tug-of-war between sellers and buyers continuing.

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