SMM, January 8:
As of this Wednesday, SiMn alloy 65/17 (cash) prices in north China were 5,750-5,950 yuan/mt, while in south China they were 5,900-6,100 yuan/mt. On the spot side, mainstream steel tenders entered the market, with most participants adopting a wait-and-see attitude. Many SiMn alloy plants held back from selling, while downstream steel mills were cautious in their purchasing. The SiMn alloy spot market remained stable. For January SiMn alloy prices, the majority of the market held a bullish outlook.
Most participants were optimistic about future price increases, primarily due to strong sentiment among miners to stand firm on quotes, which is expected to drive up manganese ore spot prices and increase SiMn alloy production costs, providing strong cost support. Additionally, downstream steel mills are expected to engage in winter stockpiling before the Chinese New Year, leading to a recovery in SiMn alloy demand. Overall, supported by costs and downstream demand, SiMn alloy prices are expected to fluctuate upward in the future.
On the other hand, some participants held a bearish view on future prices, citing the high overall supply of SiMn alloy and limited support from downstream steel mills. In summary, the supply surplus of SiMn alloy remains unchanged, and prices are expected to fluctuate downward in the future.
A small number of participants believed that price changes would be difficult in either direction, mainly because SiMn alloy plants, supported by costs, showed weak willingness to sell at low prices. Meanwhile, downstream steel mills were cautious in their SiMn alloy purchases, often bargaining down purchasing prices. In conclusion, the SiMn alloy market is experiencing a tug-of-war between sellers and buyers, and future prices are expected to remain stable.
》Subscribe to view historical price trends of SMM manganese products
![[SMM Hot-Rolled Coil Daily Trading] Spot Trading Continued to Weaken](https://imgqn.smm.cn/usercenter/rKOND20251217171716.jpg)
