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What is the current state of Manganese Ore prices? According to Ferro-alloys.com's analysis report, the price of Manganese ore has seen a decrease from its peak level. This decline can be attributed to various factors, including port damage in Australia and speculators driving up Alloy prices in the Chinese Future exchange market.

In specific details, the Mn ore from Australia for August delivery was bid at USD 9.3/dmtu, while Gabonese Mn ore prices reached USD 9/dmtu. However, the Semi-Carbonated Mn price experienced a drop to USD 5.7/dmtu from its peak of USD 6.3/dmtu.

In the spot market of China, the Mn price from Australia decreased to 63 yuan from 85 yuan, and the Semi-carbonated Mn price dropped to 38 yuan from 56 yuan. Additionally, the Chinese SiMn Price dropped to 6900 yuan from its peak of 9996 yuan. Importers faced losses of over 20% even before their cargo arrived in China.

The import volume for the first half of this year stood at 13.9 million tons, showing a drop of about 1.35 million tons when compared to the previous year's first half. This drop in SiMn price, coupled with weak demands, indicates a lack of support for price increases in the near future.

Insiders are aware that the price surge was not driven by demand but by a temporary incident at the port. The current trend suggests that the price of SiMn is on a path to drop back to previous levels.

• [Editor:admin]