[SMM Manganese Ore Weekly Review] Port Activity Increases, Manganese Ore Prices Rise

Published: Sep 19, 2025 18:14

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September 19 (SMM) — Northern ports: Australian lumps at 40.6-41.1 yuan/mtu, up 0.74% WoW; South African semi-carbonate at 34.2-34.7 yuan/mtu, up 0.58% WoW; Gabon ore at 39.6-40.2 yuan/mtu, up 0.76% WoW; South African high-iron ore at 29.6-30.1 yuan/mtu, up 0.67% WoW; South African medium-iron ore at 35.3-35.8 yuan/mtu, flat WoW. Southern ports: Australian lumps at 40.3-41 yuan/mtu, up 1.25% WoW; South African semi-carbonate at 36.3-36.8 yuan/mtu, up 0.55% WoW; Gabon ore at 40.2-40.7 yuan/mtu, up 1.25% WoW; South African high-iron ore at 30.5-31 yuan/mtu, flat WoW; South African medium-iron ore at 36.7-37.4 yuan/mtu, flat WoW. This week, the manganese ore market operated firmly. Traders' reluctance to budge on prices remained, and the transaction price center edged up overall. Operating rates at plants in both north and south China stayed high this week. In addition, the recent fluctuation of SiMn futures at highs provided positive feedback to the SiMn market. The overall market sentiment was positive, and the acceptance of manganese ore prices improved. Ore miners’ firm offers still underpinned the market, and manganese ore transaction prices rose overall. Stockpiling by plants for the National Day holiday is underway, and demand for manganese ore remains. Expectations of rising manganese ore prices persist. In general, the manganese ore market operated firmly recently, and ore miners’ reluctance to budge on prices remained strong. Manganese ore prices are expected to stay high in the near term.

September 19: Northern ports: Australian lumps 40.6-41.1 yuan/mtu, up 0.74% WoW; South African semi-carbonate 34.2-34.7 yuan/mtu, up 0.58% WoW; Gabon 39.6-40.2 yuan/mtu, up 0.76% WoW; South African high-iron 29.6-30.1 yuan/mtu, up 0.67% WoW; South African medium-iron 35.3-35.8 yuan/mtu, flat WoW.

Southern ports: Australian lumps 40.3-41 yuan/mtu, up 1.25% WoW; South African semi-carbonate 36.3-36.8 yuan/mtu, up 0.55% WoW; Gabon 40.2-40.7 yuan/mtu, up 1.25% WoW; South African high-iron 30.5-31 yuan/mtu, flat WoW; South African medium-iron 36.7-37.4 yuan/mtu, flat WoW.

This week, the manganese ore market operated firmly, with traders' offers showing reluctance to budge on prices, and the transaction price center edged up overall.

This week, plant operations in both north and south China remained at high levels, and the recent high fluctuations in SiMn futures provided positive feedback to the SiMn market. The overall sentiment in the SiMn market was relatively positive, leading to increased acceptance of manganese ore prices. Ore merchants' firm offers continued to play a supporting role, and transaction prices for manganese ore rose overall. Stockpiling by plants for the National Day holiday is underway, maintaining demand for manganese ore, and expectations for price increases persist. Overall, the manganese ore market has been operating firmly recently, with ore merchants still showing strong reluctance to budge on prices. Manganese ore prices are expected to continue fluctuating at highs in the near term.

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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