Key Highlights
- Imported manganese ore prices increased ~2–3% week-on-week
- High-grade manganese ore index (CIF Tianjin) rose ~2.3% WoW
- Semi-carbonate index recorded a marginal increase
- Seaborne offer prices for May shipments moved higher
- Demand from alloy producers remained stable
- Supply at Indian ports remained adequate
Imported Ore Prices Register Weekly Increase
Imported manganese ore prices in the Indian market increased by approximately 2–3% week-on-week as of 11 April 2026, supported by higher seaborne offer levels for May shipments.
The increase in prices was primarily driven by rising replacement costs for importers, while trading activity remained moderate.
China Indices Show Upward Movement
In China, the high-grade manganese ore index (CIF Tianjin) increased by approximately 2.3% week-on-week. The semi-carbonate index (36.5% Mn) also recorded a marginal increase during the same period.
The increase in indices followed a period of correction earlier, when manganese ore spot prices declined in response to a drop in silicon manganese futures. During the current week, prices stabilized and moved higher.
Seaborne Offer Prices Increase for May Shipments
Seaborne manganese ore offer prices for May shipments increased during the week under review. Offer levels from major suppliers were reported higher compared to previous bookings, indicating firm pricing in the upstream market. The increase in seaborne prices resulted in higher landed cost expectations for Indian buyers.
Supply Conditions Remain Stable
Supply conditions in the Indian market remained stable during the week. Port inventories across major locations were reported to be adequate, with no significant constraints on availability. Vessel arrivals and discharge activity continued as scheduled, maintaining sufficient supply in the spot market.
Demand from Alloy Producers Remains Steady
Demand from ferro alloy producers remained stable during the week. Procurement activity was largely need-based, with buyers maintaining cautious purchasing strategies. No significant increase in bulk buying activity was observed.
Freight and Cost Factors
Freight rates remained stable during the week, with indications of a gradual upward trend. Higher freight costs, along with increased seaborne offer prices, contributed to the overall rise in landed cost of imported manganese ore.
Market Summary
Imported manganese ore prices increased during the week ended 11 April 2026, supported by higher seaborne offer prices and an increase in China indices. Supply remained adequate, while demand from alloy producers continued at a steady pace.