Silico-Manganese Output Cuts Sharply; HBIS August Inquiry at 5,800 Yuan
Silico-manganese futures rebounded from lows, currently at 5,722 yuan/t, up 0.14%, with a positive basis.
Silico-manganese futures rebounded from lows, currently at 5,722 yuan/t, up 0.14%, with a positive basis.
A White Oak consortium is bidding to restart the Bell Bay manganese smelter in Tasmania.
On Thursday, silico-manganese futures strengthened in volatile trading, with the main contract closing at 5,676 yuan/tonne, up 1% from the previous session, while open interest fell by 43,321 lots to 406,600 lots.
The silico-manganese market fluctuated, with futures contract 2609 closing at 5,668. HBIS's first-round inquiry for August was 5,800 yuan/tonne, down 150 yuan from July; inventories accumulated to 463,000 tonnes.
On Thursday, manganese-silicon futures strengthened, with the main contract closing at 5,676 yuan/tonne, up 1% from the previous session, and open interest down 43,321 lots to 406,600 lots. A major Hebei steel mill launched an August tender for 21,100 tonnes at an inquiry price of 5,800 yuan/tonne, down 150 yuan/tonne from July.
A major Hebei steel mill set its August SiMn 6517 tender inquiry price at 5,800 yuan/mt on a tax-included acceptance basis, down 150 yuan/mt from July's settlement.
On August 6, silicon-manganese futures prices fluctuated narrowly, with the main contract settling at 5,634 yuan/tonne, up 0.04% period-on-period, while open interest rose by 3,084 lots to 449,900 lots.
Alloy futures prices are fluctuating, while spot prices rose slightly.
In July, the electrolytic manganese market showed characteristics of low-level stalemate and narrow fluctuations.
On August 5, the silicon-manganese market was weak, and mainstream steel tender inquiries have not yet been made.
On August 4, according to Mysteel, a large Gansu-based producer shut down all furnaces, cutting daily ferrosilicon output by about 700 tonnes, triggering a sharp rebound in ferrosilicon futures.
Gabon's extractive sector output fell 2.9% q/q in Q1 2026, while the manganese production index rose 8.4% on higher Moanda output.
Xiangtan Electrochemical's subsidiary is collaborating with solid-state battery companies on lithium manganate R&D, currently at the validation stage.
OM Holdings Ltd has reached a long-term manganese concentrate supply agreement with a mine in Western Australia for its downstream operations.
Australia-based metals producer Element25's subsidiary has signed a manganese ore offtake agreement with OM Materials.
The silico-manganese market is weak, futures broke below 5,600 yuan/tonne, and the main contract closed at 5,602 yuan/tonne, down 1.58%.
Manganese ore spot prices continued to fall, pressured by weaker futures and short-selling funds, with bearish sentiment intensifying.
Australia's only manganese alloy smelter has entered liquidation, with creditors appointing a liquidator.
Creditors have voted to close the Liberty Bell Bay manganese smelter, halting production at Australia's only manganese plant.
Gabon is seeking third-party industrial operators to take on around 3 million mt of manganese ore processing.