- Comilog, Jupiter lift Jan’26 offers, South32 holds prices
- Weekly cargo arrivals at Indian ports increase significantly
India’s imported manganese ore prices have increased primarily due to tight global supply and strong buying interest from China, which has limited availability of ore for Indian importers and supported higher offers for shipments to India. Imported ore prices in India, especially for higher grade material, have been on an uptrend as global output from major producers has tightened and Chinese inquiries have increased, keeping competition for seaborne supplies firm.
- Australian high‑grade ore (Mn46%): Prices increased slightly by about $0.23/dmtu w-o-w to around $5.24/dmtu CNF Haldia/Vizag, driven by continued firm interest in high‑grade material and tightening port inventories. Price levels are at an eight‑month high, last seen on 12 April.
- Gabonese high‑grade ore (Mn44%): Prices rose by approximately $0.22/dmtu w‑o‑w to about $4.90/dmtu CNF Haldia/Vizag, also reaching an eight‑month peak matching levels from 12 Apr il.
- South African lumps (Mn37%): Prices inched up modestly by around $0.04/dmtu w‑o‑w to roughly $4.29/dmtu CNF Haldia/Vizag, reflecting relatively stable demand for standard seaborne grades.
Market overview
Global miners announce Jan’26 prices: Global miners have set their January 2026 manganese ore prices with varied changes, reflecting current market conditions. Eramet’s Comilog has priced its Gabonese manganese ore for January shipments at $4.70/dmtu CIF China for Mn44.5% lumps and $4.50/dmtu for Mn43% chips, up $0.20/dmtu m-o-m on firmer demand and tighter supply. Jupiter Mines, operating the Tshipi Borwa mine in South Africa, offered its high-grade Mn6.5% semi-carbonate lumps at $4.15/dmtu CIF China, up $0.05/dmtu. South32 has kept its South African Mn37% material at $4.15/dmtu CIF China unchanged, as balanced supply-demand and steady Chinese buying sentiment support price stability.
Silico manganese range-bound w-o-w, ferro manganese stable: The Indian manganese alloys market showed a mixed weekly trend, with silico manganese (60–14) prices rising by INR 100/t to INR 69,300–69,900/t ($765–772/t) in Durgapur, Raipur and Vizag as mills trimmed production ahead of year-end maintenance and raw material offtake remained low. Ferro manganese (HC 70%) prices held steady at INR 72,000/t ($796/t) in Durgapur and Raipur due to muted demand and cautious buying, which prevented upward price movement. Meanwhile, HC 75% ferro manganese prices slipped slightly to $890/t FOB Vizag/Haldia, reflecting softer activity in certain export segments.
Imported cargo arrivals rise w-o-w: Weekly manganese ore cargo arrivals (Mn37%, Mn44%, and Mn46%) to India increased by 82% to 267,797 t over 26 November- 2 December against 144,412 t in the previous week.
Outlook
Imported manganese ore prices are likely to remain supported in the short term on supply tightness and firm consumption from China and India, while long‑term demand is projected to grow steadily on rising steel output and potential expansion into battery markets. However, price volatility will remain sensitive to shifts in steel sector demand, production movements from key suppliers, and broader global economic conditions.
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