Ferroalloy Market Hot Shots — Dec 5
Dec 05, 2025| 1️⃣ Electrolytic Manganese Prices Surge Again
China's electrolytic manganese market jumped sharply this week, rising RMB 400/ton within days and accumulating RMB 600/ton over the past three weeks. Market sentiment is chaotic and highly volatile.
👉 Export offers: Mn 99.7% flakes at USD 2,080–2,110/ton FOB China.
2️⃣ POSCO Releases Q1 2026 Manganese Tender Prices
On Dec 4, Korea's POSCO announced its Q1 2026 electrolytic manganese tender prices:
CFR Gwangyang / Busan: USD 2,135, 2,250, 2,290/ton
The tender quantity remains undisclosed, and sources indicate it has not been fully booked.
3️⃣ Silicon Metal Prices Drop Slightly in China
Chinese exporters lowered prices amid softer demand.
👉 Si553 FOB China: USD 1,320–1,350/ton
👉 Si441 FOB China: USD 1,350–1,380/ton
4️⃣ Ferrosilicon Prices Hold Firm
Prices remain steady to slightly stronger.
👉 FeSi 72% FOB China: USD 1,020–1,050/ton
👉 FeSi 75% FOB China: USD 1,060–1,090/ton
5️⃣ Glencore to Restart Lion Ferrochrome Plant in February
Glencore plans to restart its 720,000-tpy Lion ferrochrome smelter in South Africa in February.
6️⃣ Zimbabwe Chrome Ore Freight Costs Increase
Shipping lines have begun charging congestion surcharges, pushing freight rates for Zimbabwe chrome ore higher.
7️⃣ Fed Expected to Cut Rates in December
CME FedWatch now shows an 87% probability of a 25 bps rate cut in December.
8️⃣ SCFI Rebounds Above 1400 Points
The Shanghai Containerized Freight Index (SCFI) ended its three-week decline and bounced back above 1,400, signaling early stabilization.
above 1,400, signaling early stabilization.
📧 For more information: alexyuan3145@gmail.com
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