On the raw material front, sustained favorable factors including tight supply and concentrated cargo ownership have driven port manganese oxide ore prices to hold firm recently. With downstream demand gradually releasing, actual transaction prices for manganese ore have followed suit, further solidifying gains.

Data indicates current port prices: - Tianjin Port: Australian manganese ore lumps at CNY 40.5-43/ton-degree, semi-carbonate at CNY 34.5/ton-degree, Gabon lumps at CNY 42-43/ton-degree; At Qinzhou Port, Australian manganese ore blocks are quoted at 40-42 RMB/tonne, semi-carbonate at 36.5-37 RMB/tonne, and Gabon blocks at 40.5-41 RMB/tonne.

Early last week, buoyed by futures market gains, bargaining confidence in the manganese ore market remained relatively strong.

On the 30th, the silicomanganese market was dominated by a wait-and-see attitude. Influenced by futures volatility, some manufacturers tentatively quoted prices. However, due to relatively limited recent steel procurement guidance (with increased silicomanganese tender prices from some steel mills hovering around 5700-5750 RMB/ton), downstream operations proceeded on an as-needed basis. Overall market transactions remained relatively subdued, with no significant shift in the actual transaction center of gravity observed. In production areas, an Inner Mongolia-based enterprise ignited a 45,000 KVA mineral furnace, expected to increase daily silicomanganese output by approximately 270 tons. Overall adjustments to silicomanganese supply and demand remain relatively slow.

Against the backdrop of the off-season, a cautiously optimistic outlook is advised, with continued attention required on futures volatility and market transaction performance. Prices: Ferrosilicon 6517# (tax-inclusive delivered price): Hebei: CNY5635  Henan: CNY 5608  Shandong: CNY 5684     Liaoning: CNY 5853  Jiangsu: CNY 5781  Sichuan: CNY 5764  Hunan: CNY 5880

As an integrated internet platform providing benchmark prices, On December 3, the benchmark price of manganese silicon on SunSirs was 5,484.00 RMB/ton, an increase of 0.92% compared with the beginning of the month (5,434.00 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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