Market news disturbs, SiMn prices rebound slightly [SMM Weekly Review]

Published: May 23, 2025 15:15

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[SMM Weekly Review: Market News Disturbances Lead to Slight Rebound in SiMn Prices] As of Friday this week, the price of SiMn alloy 65/17 (cash) in the northern market was 5,550-5,750 yuan/mt, unchanged WoW from last Friday; in the southern market, it was 5,600-5,800 yuan/mt, also unchanged WoW from last Friday. According to SMM, influenced by news disturbances regarding South African manganese ore, the futures market for manganese-silicon experienced sideways movement, and offers from SiMn holders rose slightly. On the demand side, the market maintained a wait-and-see sentiment, with low acceptance of high-priced SiMn. Buyers tended to drive down prices when purchasing SiMn, resulting in sluggish market transactions. Attention should be paid to the actual transaction situation of SiMn and manganese ore in the future market.

As of Friday this week, the price of SiMn alloy 65/17 (cash) in the northern market was 5,550-5,750 yuan/mt, unchanged from last Friday; in the southern market, it was 5,600-5,800 yuan/mt, also unchanged from last Friday. According to SMM, influenced by the news of South African manganese ore, the futures market of manganese-silicon alloy fluctuated rangebound, and the offers from SiMn alloy holders rose slightly. On the demand side, the market maintained a wait-and-see sentiment, with low acceptance of high-priced SiMn alloy. Buyers tended to drive down prices when purchasing SiMn alloy, resulting in sluggish market transactions. Attention should be paid to the actual transaction situation of SiMn alloy and manganese ore in the future market.

》Click to view SMM spot manganese offers

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