Price-Watch’s most active coverage of Silico Manganese 65/17 price assessment:
Asia-Pacific
- Silico Manganese 65/17 EX-Shanghai, China
- Silico Manganese 65/17 FOB Mumbai, India
North America
- Silico Manganese 65/17 Ex-warehouse Pittsburgh, USA
Europe
- Silico Manganese 65/17 FD Rotterdam, Netherlands
- Silico Manganese 65/17 Ex-warehouse Novorossiysk, Russia
Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
Silico Manganese Price Trend Q4 2025
In Q4 2025, the global Silico Manganese 65/17 market exhibited a mixed trend, with uneven regional price movements across China, the Netherlands, the USA, India, and Russia. The pricing environment reflected balanced supply conditions but varied demand recovery in the steel sector. China remained largely stable as steady production levels and cautious mill procurement limited price swings.
The Netherlands saw slight softness due to competitive import flows and comfortable inventories within European steel mills. Conversely, the USA and India registered moderate firmness supported by gradual steel output improvement and controlled domestic supply.
Russia recorded stronger gains amid tighter availability and logistical constraints. Overall, regional supply-demand imbalances and disciplined buying activity kept volatility contained, resulting in a mixed but controlled market environment heading into early 2026.
China: Silico Manganese 65/17 Domestically Traded Prices EX-Shanghai, China; Grade- Purity:(Mn65%min, Si17%min)
In Q4 2025, the Silico Manganese 65/17 price trend increased marginally by 0.08% compared to Q3 2025, reflecting a largely stable and balanced market environment. The limited quarterly movement was attributed to steady but cautious steel mill procurement, as downstream construction and manufacturing activity remained moderate.
Upstream cost conditions, particularly manganese ore prices and electricity tariffs, stayed relatively firm without sharp fluctuations, supporting producer offers while preventing aggressive price hikes. Smelters maintained controlled operating rates, ensuring adequate domestic supply and overall market stability.
Notably, prices increased by 0.88% in December 2025, driven by renewed spot buying interest and short-term restocking from steel mills ahead of year-end production planning. Slight tightening in spot availability and firmer ore quotations further supported the monthly rise.
However, moderate export demand limited stronger upside momentum. Overall, the Silico Manganese 65/17 market in China reflected balanced fundamentals with mild quarterly growth and improved sentiment entering early 2026.
Netherlands: Silico Manganese 65/17 Domestically Traded prices FD Rotterdam, Netherlands; Grade- Purity:(Mn65%min, Si17%min)
In Q4 2025, the Netherlands’ Silico Manganese 65/17 market experienced a marginal quarterly decline of 0.08%, reflecting subdued overall demand and soft competitive pricing dynamics within the European ferro-alloy space. Weak downstream steel mill activity and ample import availability kept buyers in a cautious stance throughout much of the quarter, with limited aggressive restocking seen from consumers.
Competitive offers from diversified import sources, as well as pressure from buffered inventories, contributed to restrained price momentum in the region. However, market sentiment shifted in December with a notable 1.29% rise, driven by short-term restocking ahead of year-end production planning and the emerging impact of EU safeguard measures that began to tighten import dynamics and raise landed cost expectations. Discussions over import quotas and tariff-rate safeguards for ferro-alloys in the EU helped underpin alloy offers late in the quarter.
Logistical cost adjustments and modest increases in input costs, including manganese ore and freight, further supported the monthly uptick as traders and steelmakers adjusted procurement strategies. Overall, the Dutch Silico Manganese market closed Q4 with balanced fundamentals, showing mild downward pressure early in the quarter but firming into December as supply-side influences and regulatory developments gained traction.
USA: Silico Manganese 65/17 Domestically Traded prices EX-warehouse Pittsburgh, North America; Grade- Purity:(Mn65%min, Si17%min)
In Q4 2025, the USA Silico Manganese 65/17 market posted a modest quarterly gain of 0.86%, reflecting a generally firm yet measured pricing environment. The uptick was underpinned by steady steel mill demand and continued domestic output at stable operating rates, which kept alloy availability balanced relative to consumption. Improving U.S. steel production and resilient downstream activity in construction and manufacturing provided underpinning support to alloy values, while buyers maintained disciplined purchasing strategies.
Input cost pressures, particularly from imported manganese ore and ocean freight, contributed to underlying cost support, although these factors did not accelerate sharply. The relatively balanced supply-demand nexus prevented broad volatility through much of the quarter. In December, prices remained stable at 0% change, as market participants adopted a wait-and-see approach amid year-end positioning and ample inventory coverage.
Downstream mills opted to manage stock levels conservatively, offsetting any near-term upside triggers despite steady demand. Import flows and domestic smelter shipments were well aligned with consumption trends, limiting price movement late in the quarter.
Overall, the U.S. Silico Manganese 65/17 market exhibited balanced fundamentals in Q4 2025, with gradual upward pressure early in the period and price stability prevailing into December as measured buying and sufficient supply prevailed.
Russia: Silico Manganese 65/17 Domestically Traded prices Ex-warehouse Novorossiysk, Russia; Grade- Purity:(Mn65%min, Si17%min)
In Q4 2025, the Russia Silico Manganese 65/17 market recorded a positive quarterly change of 1.52%, reflecting firmer regional fundamentals amid constrained availability and steady demand from domestic steelmakers. The upward movement was supported by continued operational challenges within some ferroalloy plants, logistical bottlenecks in key production regions, and elevated input costs, which collectively tightened effective supply.
Domestic steel mills in Russia maintained stable production schedules, underpinning consistent alloy consumption, while export interest remained modest due to higher freight and competitive global offers, keeping more material within the region. The market sentiment stayed cautiously optimistic as buyers accepted slightly higher offers in response to limited spot availability and manageable cost pressures.
In December, prices increased further by 2.31%, driven by year-end restocking activity and accelerated procurement by regional consumers anticipating tighter supply in early 2026. Short-term spot buying interest strengthened as traders and mills aimed to secure coverage amid signs of tightening supply and logistical delays.
Overall, the Russian Silico Manganese 65/17 market in Q4 2025 exhibited balanced yet firm fundamentals, with controlled production, logistical influences, and cautious purchasing behavior supporting a steady upward trend into year-end.
India: Silico Manganese 65/17 Export prices FOB Mumbai, India; Grade- Purity:(Mn65%min, Si17%min)
In Q4 2025, the India Silico Manganese 65/17 market recorded a healthy quarterly increase of 3.28%, driven by firm demand from the domestic steel sector and constrained near-term availability. Stronger downstream activity in structural, automotive, and construction steel segments sustained steady offtake, prompting mills and traders to absorb slightly higher alloy costs.
Input cost pressures particularly elevated manganese ore prices and higher power tariffs supported producer offers, while limited export interest kept more material within the domestic sphere, tightening effective supply. Smelters maintained controlled production rates in response to cost considerations, which helped balance supply against rising consumption.
In December, prices increased with a 1.33% gain, underpinned by incremental restocking ahead of year-end and sustained procurement from steelmakers preparing for early-2026 operations. Spot buying interest was noticeable as mills sought to secure coverage amid expectations of tighter supply in the early part of the new year.
Overall, the Indian Silico Manganese 65/17 market in Q4 2025 reflected robust fundamentals, with steady demand, controlled supply, and measured buying behavior supporting upward momentum while preventing excessive volatility.



