[SMM Manganese Ore Weekly Review] SiMn Alloy Performed Well, Manganese Ore Prices Slightly Up

Published: Nov 1, 2024 17:48

Source: SMM

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This week, due to the good performance of SiMn alloy futures, the SiMn alloy spot market slightly increased, driving the manganese ore spot prices up slightly.

As of this Friday, at northern ports: Australian lump was 40.5-41 yuan/mtu (flat WoW); Australian granular was 39.5-40 yuan/mtu (flat WoW); South African semi-carbonate was 31.5-32 yuan/mtu (flat WoW); Gabonese ore was 36.5-37 yuan/mtu (down 2.65% WoW); South African high-iron ore was 29-29.5 yuan/mtu (down 3.31% WoW). At southern ports: Australian lump was 44-44.5 yuan/mtu (flat WoW); Australian granular was 42-42.5 yuan/mtu (flat WoW); South African semi-carbonate was 32-32.5 yuan/mtu (flat WoW); Gabonese ore was 41-41.5 yuan/mtu (up 6.45% WoW); South African high-iron ore was 30.5-31 yuan/mtu (flat WoW).

This week, due to the good performance of SiMn alloy futures, the SiMn alloy spot market slightly increased, driving the manganese ore spot prices up slightly. Additionally, the overseas market's December manganese ore quotations remained flat. Miners had a low willingness to sell at low prices, but actual transactions were average, with little fluctuation in manganese ore spot transaction prices. Downstream alloy plants were actively inquiring, but were cautious about purchasing high-priced manganese ore. Future trends still need to focus on the actual procurement situation of alloy plants for manganese ore.

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