SMM, February 24:
In February 2025, China's total SiMn alloy production decreased by approximately 2% MoM and dropped by over 10% YoY. The main reasons for the reduction in February's SiMn alloy production were as follows: In north China, regions such as Inner Mongolia maintained high operating rates, and production continued during the Chinese New Year holiday. However, some SiMn alloy plants conducted equipment maintenance during the holiday, leading to a slight decrease in production. In Ningxia, some enterprises largely maintained normal production with relatively small fluctuations in daily output. Additionally, in south China, production faced relatively high pressure due to rising manganese ore and electricity costs, resulting in a slight decline in output and a continued reduction in overall operating rates. Therefore, overall, SiMn alloy production in both north and south China decreased. Coupled with the fewer calendar days in February, the total national SiMn alloy production turned to a decline.
Looking into March, SiMn alloy plants in cost-advantaged regions such as Inner Mongolia are expected to maintain high operating rates. Considering that SiMn alloy prices remain relatively weak and profit margins for enterprises are limited, the expectation for operating rate increases in other regions remains relatively low. However, given that March has more calendar days than February, the overall SiMn alloy production in March is expected to turn to an increase.
》Subscribe to view historical price trends of SMM manganese products
![Silicon Coal Prices Rose Slightly, Trading Sentiment in Silicon Metal Market Intensified [SMM Silicon Industry Weekly Review]](https://imgqn.smm.cn/usercenter/GGaSo20251217171716.jpg)
