Silicon and Manganese Market Weekly Review (5.24mur5.29): the national retail price market should return to supply and demand.

This week, Si-mn alloy continued to decline, driven by upstream manganese ore, and individual manufacturers in the north took the lead in cutting prices to maintain cash flow, and profits were under serious pressure after the price reduction. As of Friday, the mainstream quotation of Si-mn 6517 in the north was 6850 yuan / ton (cash ex-factory price), the mainstream transaction was 6800 Mill 6,850 yuan / ton, and the lowest transaction price was 6750 yuan / ton; the mainstream quotation of Si-mn 6517 in the South was 6950 Manganese 7100 yuan / ton (cash ex-factory price), the mainstream transaction was 6950 yuan / ton, and the lowest transaction was 6900 yuan / ton. The price in the national market has been reduced by about 150 yuan / ton. At present, as the price increase caused by the blockade in South Africa has completely passed, South African President Ramafosa announced in his national speech on the current new coronavirus epidemic in South Africa on May 24 that the national blockade level in South Africa has been lowered from level 4 to level 3 since June 1. Although there are well-known manganese ore traders to close the market, China Ferroalloy Association launched a call, Tangshan extraction production restrictions and other relatively good news outflow, but it is difficult to curb the decline during the week. SMM believes that in the market where the demand for downstream threads is still high, the market orientation should return to the supply and demand requirements of Si-mn alloy itself, blindly in the news to guide the alloy price can not be long-term.