Home / Metal News / The game in the manganese ore market still exists, with the spot price of manganese ore remaining stable temporarily [SMM Manganese Ore Daily Review]

The game in the manganese ore market still exists, with the spot price of manganese ore remaining stable temporarily [SMM Manganese Ore Daily Review]

iconAug 5, 2025 20:07
Source:SMM
Northern ports: Australian lump ore prices ranged from 40.7-41.2 yuan/mtu, up 1.24% WoW from last Tuesday; South African semi-carbonate ore prices ranged from 34.9-35.4 yuan/mtu, up 2.93% WoW from last Tuesday; Gabonese ore prices ranged from 39.8-40.6 yuan/mtu, up 2.03% WoW from last Tuesday; South African high-iron ore prices ranged from 29.5-30 yuan/mtu, up 0.68% WoW from last Tuesday; South African medium-iron ore prices ranged from 35.2-35.7 yuan/mtu, up 2.90% WoW from last Tuesday. Southern ports: Australian lump ore prices ranged from 40.2-40.9 yuan/mtu, up 1.00% WoW from last Tuesday; South African semi-carbonate ore prices ranged from 35.5-36 yuan/mtu, up 4.38% WoW from last Tuesday; Gabonese ore prices ranged from 40.3-40.8 yuan/mtu, up 2.53% WoW from last Tuesday; South African high-iron ore prices ranged from 30.6-31.1 yuan/mtu, up 2.32% WoW from last Tuesday; South African medium-iron ore prices ranged from 36.4-36.9 yuan/mtu, up 5.16% WoW from last Tuesday. In terms of supply, today, NMT announced its manganese ore shipment offers to China for September 2025: 36% Min South African semi-carbonate lump ore is priced at $4.05/mtu (up $0.15), which may support the rise in manganese ore prices in the future market, and traders still exhibit reluctance to budge on prices. In terms of demand, the operating rates of alloy factories in the south and north of China remain stable. Most alloy factories maintain just-in-time procurement without large-scale stockpiling, keeping demand for manganese ore stable. However, there is still a sentiment to drive down prices.

On August 5: Northern ports: Australian lump ore was priced at 40.7-41.2 yuan/mtu, up 1.24% WoW from last Tuesday; South African semi-carbonate ore was priced at 34.9-35.4 yuan/mtu, up 2.93% WoW from last Tuesday; Gabonese ore was priced at 39.8-40.6 yuan/mtu, up 2.03% WoW from last Tuesday; South African high-iron ore was priced at 29.5-30 yuan/mtu, up 0.68% WoW from last Tuesday; South African medium-iron ore was priced at 35.2-35.7 yuan/mtu, up 2.90% WoW from last Tuesday.

Southern ports: Australian lump ore was priced at 40.2-40.9 yuan/mtu, up 1.00% WoW from last Tuesday; South African semi-carbonate ore was priced at 35.5-36 yuan/mtu, up 4.38% WoW from last Tuesday; Gabonese ore was priced at 40.3-40.8 yuan/mtu, up 2.53% WoW from last Tuesday; South African high-iron ore was priced at 30.6-31.1 yuan/mtu, up 2.32% WoW from last Tuesday; South African medium-iron ore was priced at 36.4-36.9 yuan/mtu, up 5.16% WoW from last Tuesday.

In terms of supply, today, NMT announced its shipping offers for manganese ore to China for September 2025: 36% Min South African semi-carbonate lump ore was priced at $4.05/mtu (up $0.15), which may support the future rise in manganese ore prices, and traders still showed reluctance to budge on prices.

Demand side, the operating rates of alloy plants in the south and north remained stable, with most alloy plants maintaining just-in-time procurement and no significant stockpiling, keeping demand for manganese ore stable, while the sentiment to drive down prices persisted.

Inventory side, Tianjin Port's inventory remained high, while Qinzhou Port saw a slight destocking. The supply of South African ore was tight, with traders showing obvious reluctance to sell. Low-priced ore at ports was hard to find. Qinzhou's South African high-iron ore and medium-iron ore prices rose significantly, up 2.32% and 5.16% WoW from last Tuesday, respectively.

Overall, both the reluctance to budge on prices among manganese ore miners and the sentiment to drive down prices among SiMn alloy plants exist. Under market competition, manganese ore prices remain temporarily stable. Future prices will need to monitor the concentration of ore supply and changes in supply and demand.

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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