- Demand from new energy sector supports market
- Export demand rallies in SE Asia but falls in Europe
CBC: Chinese silico manganese (Mn:65%, Si:17%) prices edged down by RMB 60/tonne (t) ($8/t) w-o-w to RMB 5,640-5,910/t ($791-828/t) exw, including taxes.
Silico manganese prices fell slightly amid mixed market sentiment. Major producers maintained a steady supply, while environmental restrictions limited small and medium-sized manufacturers. Demand from traditional sectors such as ceramics and coatings softened slightly but remained stable overall, whereas that from new energy battery materials saw notable growth.
Market updates
Manganese ore market stays volatile: The manganese ore market witnessed volatility. Mining companies in major producing areas, such as South Africa, have been maintaining long-term contracts. Meanwhile, rising port inventories had narrowed spot premiums. Domestic buyers adopted a cautious approach, focusing on need-based purchases to avoid stockpiles.
Improved logistics in Xinjiang had eased western supply pressure, while stricter inspections at eastern ports slowed customs clearance and reduced overall efficiency.
End-user demand shows mixed trends: Demand for traditional uses such as architectural ceramics and industrial coatings saw a mild decline amid real estate weakness, while new energy battery materials maintained steady growth, providing key support to the market.
Export demand rebounded in Southeast Asia but fell in Europe due to stricter environmental regulations. High-end applications, including speciality ceramics and precision instruments, continued to command strong premiums.
Outlook
Silico manganese prices will likely remain volatile in the near term, supported by strong demand from the new energy sector and high-end applications and supply constraints, while subdued demand from traditional sectors will continue to weigh on the market.
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