- Eramet Comilog cuts prices for May’25 shipments
- Chinese silico manganese prices dip by $7/t w-o-w
Indian silico manganese export prices declined slightly w-o-w, driven by a decrease in imported manganese ore tags.
BigMint’s assessment of export prices of the 65-16 grade on 14 April 2025 stood at $940/tonne (t) FOB, down by $5/t w-o-w. Meanwhile, the 60-14 variant edged down by $4/t w-o-w to $844/t FOB.
Market review
Manganese ore prices hit 2-month low amid weak demand: Imported manganese ore prices declined w-o-w to a two-month low due to falling inquiries and a sluggish domestic downstream alloys market. Australian high-grade ore prices decreased by $0.25/dmtu w-o-w to $5.48/dmtu, while Gabonese variant of the same edged down by $0.23/dmtu w-o-w to $4.91/dmtu. South African lumps saw a slight decrease of $0.13/dmtu w-o-w, to $4.07/dmtu. Additionally, Eramet Comilog set its May shipment prices of Mn 44.5% lumps at $4.8/dmtu, marking a decrease of $0.3/dmtu w-o-w due to reduced Chinese steel demand and oversupply from South Africa.
Chinese silico manganese prices edge down: Chinese silico manganese (Mn: 65%, Si: 17%) prices experienced a slight decline of RMB 50/t ($7/t) w-o-w to RMB 5,880-6,150/t ($806-$843/t) exw, including taxes. Additionally, there was a slight w-o-w rebound in futures and gains in the black series, which boosted sentiment to a certain degree. However, spot prices stayed low, with attention focused on whether the futures rally will persist.
Outlook
Silico manganese export prices might experience slight downward pressure due to limited demand from overseas and decreasing manganese ore prices. In the absence of a significant rebound in export demand, prices could continue to soften.
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