As of Friday, at northern ports: Australian lump ore was at 40.7-41.2 yuan/mtu, up 1.24% WoW; South African semi-carbonate at 34.9-35.4 yuan/mtu, up 2.93% WoW; Gabonese at 39.8-40.6 yuan/mtu, up 2.03% WoW; South African high-iron at 29.5-30 yuan/mtu, up 0.68% WoW; South African medium-iron at 35.2-35.7 yuan/mtu, up 2.90% WoW.
At southern ports: Australian lump ore was at 40.2-40.9 yuan/mtu, up 1.00% WoW; South African semi-carbonate at 35.5-36 yuan/mtu, up 4.38% WoW; Gabonese at 40.3-40.8 yuan/mtu, up 2.53% WoW; South African high-iron at 30.4-30.9 yuan/mtu, up 2.34% WoW; South African medium-iron at 36.1-36.6 yuan/mtu, up 4.30% WoW.
Supply side, in the overseas market, Consolidated Minerals Ltd (CML) announced its September 2025 China-bound offers: Australian lump ore (Mn>46%, Fe<6%, SiO2<18%) was at $4.57/mtu, up $0.07/mtu MoM; Comilog set its September 2025 Gabonese lump ore shipping price to China at $4.27/mtu (up $0.07/mtu). Coupled with tight South African ore supply and high market concentration, these factors jointly drove ore prices higher. Weekly gains showed South African semi-carbonate lump stood out in the northern market, rising 1 yuan/mtu, while South African semi-carbonate and medium-iron lumps led gains in south China, both up 1.5 yuan/mtu.
Downstream, the spot SiMn market generally stabilized with upward momentum this week. SiMn futures fluctuated at highs amid strong market sentiment, with improved acceptance of high-priced manganese ore, facilitating some high-level transactions.
Overall, the manganese ore market recently maintained firm and stable operations. Future focus should be on overseas miners' offers and the spillover effect of SiMn futures trends on the spot market, with short-term high volatility likely to persist.
