Benchmark: 44% Mn ore, CIF China (Tianjin). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Price | vs benchmark | Market note |
|---|---|---|---|---|
🇨🇳 CIF China 44% China · benchmark | CIF Tianjin | 5.420 | Benchmark | The seaborne reference all origins net back from |
🇦🇺 Groote Eylandt 44% (FOB) Australia · high grade | FOB | 5.070 | -0.350 (-6.5%)stable | GEMCO high-grade; cyclone-exposed |
🇬🇦 Comilog (FOB) Gabon · high grade | FOB Owendo | 4.970 | -0.450 (-8.3%)stable | Moanda ore; rail to Owendo |
🇧🇷 Brazil (FOB) Brazil · swing supply | FOB | 4.820 | -0.600 (-11.1%)stable | Freight and grade discount |
🇿🇦 South Africa 37% (FOB) South Africa · top exporter | FOB | 4.320 | -1.100 (-20.3%)stable | Lower grade; rail/power constrained |
Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.
Track physical flows on the live vessel map →Indicative term structure · Contango
Converted from 5.420 USD/dmtu · indicative FX
Manganese Ore is traded in the bulk / ore segment, with price discovery referenced against OTC. The chart above shows the trailing indicative price path. Physical parcels of Manganese Ore can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
Seaborne 44% ore found a footing as Chinese alloy demand stabilised, with South African and Australian tonnes competing on freight.