Downstream SiMn Market in the Doldrums Manganese Ore Prices Pull Back [SMM Manganese Ore Daily Review]

Published: Aug 26, 2025 18:00

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On August 26: Northern ports: Australian lumps 40.3-40.8 yuan/mtu, down 0.49% WoW; South African semi-carbonate 34.2-34.7 yuan/mtu, down 1.99% WoW; Gabonese 39.1-39.9 yuan/mtu, down 1.25% WoW; South African high-grade 29.4-29.9 yuan/mtu, down 0.34% WoW; South African medium-grade 35.1-35.6 yuan/mtu, down 0.28% WoW. Southern ports: Australian lumps 39.8-40.5 yuan/mtu, down 0.50% WoW; South African semi-carbonate 36.3-36.8 yuan/mtu, down 0.54% WoW; Gabonese 39.6-40.1 yuan/mtu, down 1.24% WoW; South African high-grade 30.5-31 yuan/mtu, down 0.32% WoW; South African medium-grade 36.5-37.2 yuan/mtu, down 0.27% WoW. At the beginning of this week, the manganese ore market saw a decrease in activity with sluggish inquiry sentiment. Manganese ore prices pulled back after consolidation.

August 26 News: Northern ports: Australian lump 40.3-40.8 yuan/mtu, down 0.49% WoW; South African semi-carbonate 34.2-34.7 yuan/mtu, down 1.99% WoW; Gabon 39.1-39.9 yuan/mtu, down 1.25% WoW; South African high iron 29.4-29.9 yuan/mtu, down 0.34% WoW; South African medium iron 35.1-35.6 yuan/mtu, down 0.28% WoW.

Southern ports: Australian lump 39.8-40.5 yuan/mtu, down 0.50% WoW; South African semi-carbonate 36.3-36.8 yuan/mtu, down 0.54% WoW; Gabon 39.6-40.1 yuan/mtu, down 1.24% WoW; South African high iron 30.5-31 yuan/mtu, down 0.32% WoW; South African medium iron 36.5-37.2 yuan/mtu, down 0.27% WoW.

At the beginning of this week, the activity in the manganese ore market decreased, with a sluggish inquiry atmosphere. Manganese ore prices showed signs of consolidation and pullback.

Demand side: This week, the SiMn market was in the doldrums. Previously, many alloy plants hedged, and currently, factories are mainly fulfilling orders, facing little pressure to sell, and purchasing manganese ore as needed. In the current situation where the manganese ore market is pulling back, alloy plants adopt a "rush to buy amid continuous price rise and hold back amid price downturn" mentality. The inquiry activity at both southern and northern ports has decreased, and a few inquiring alloy plants have become more inclined to drive down prices, leading to a slight decline in transaction prices for manganese ore.

Inventory: Last week, port arrivals of manganese ore slightly decreased, while downstream silicon enterprises operated actively, resulting in a steady but slightly declining inventory level at the ports. By month-end, there may be a significant increase in manganese ore arrivals, and whether this will lead to an inventory buildup at the ports remains to be seen.

Overall, manganese ore prices are influenced by the demand from the downstream SiMn market. Currently, the manganese ore market is in the doldrums, and future price trends will depend on the manganese ore shipments and downstream demand conditions.

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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