Manganese ore spot market news drives futures prices higher; South African suppliers show significant support for prices

K-LinePoet · 2026-03-20T11:31:27+00:00

Recent manganese ore market in the north has shown volatile but strong performance, with a strong bullish sentiment in the market, rising quotations, but generally weak transactions and difficulty in sourcing low prices, making negotiations more challenging. South African mining operations have reduced their offers, with spot prices remaining firm and clear support sentiment, while port spot inventory has increased. The overall market is awaiting demand release, with continued attention needed to South African electricity costs and export tax policies.

K-LinePoet

2026-03-20 11:31:27

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Recently, the northern manganese ore market has been fluctuating and trending stronger. After the holiday, the market sentiment is optimistic, with rising overall costs for manganese ore. Recent news has caused traders to raise their quotes at high levels. Factories have not yet widely started procurement after the holiday, and transaction performance is average. However, low prices are hard to inquire about, and bargaining has become more difficult. Spot prices have slightly increased, with South African prices rising most noticeably due to reduced mine offers and high costs, with an overall increase of 0.5-1 yuan/ton. South African sentiment remains strong, and manganese ore spot quotes stay firm, making bargaining difficult. The manganese ore prices at Qinzhou Port are consolidating and fluctuating. During the Chinese New Year, manganese ore port throughput decreased, port spot inventories increased, and long-term costs are rising as demand awaits release. Overall, today’s news from mines has caused some disturbance, pushing the silicon-manganese futures market upward. Currently, it is understood that South Africa’s electricity costs have increased. The recently released South African National Treasury Budget Review 2026 does not mention the imposition of ecological export taxes on mineral resources (such as manganese ore). We will continue to monitor this. (Mysteel)

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