Ferrous Metals Series Weakness Affects SiMn Alloy Market to Fluctuate Downward [SMM Weekly Review]

게시됨: Mar 21, 2025 15:33
SMM Weekly Review: Ferrous Metals Series Weakness Impacts SiMn Alloy 65/17 Market to Fluctuate Downward By the end of this Friday, in the northern market, SiMn alloy 65/17 (cash) was 5,950-6,050 yuan/mt, down 100 yuan/mt MoM; in the south China market, SiMn alloy 65/17 (cash) was 6,050-6,150 yuan/mt, down 100 yuan/mt MoM. According to SMM, on the raw material side, manganese ore transactions were quiet during the week, with high-grade manganese oxide ore spot market dropping slightly. Supply side, due to weak cost support, SiMn alloy plants showed low willingness to quote actively. Demand side, downstream steel mills purchased cautiously, putting pressure on prices for SiMn alloy, leading to a slight drop in quotations from SiMn alloy plants.
As of this Friday, in the northern market, SiMn alloy 65/17 (cash) was 5,950-6,050 yuan/mt, down 100 yuan/mt MoM; in the south China market, SiMn alloy 65/17 (cash) was 6,050-6,150 yuan/mt, down 100 yuan/mt MoM. According to SMM, on the raw material side, the manganese ore market saw quiet trading during the week, with high-grade manganese oxide ore spot market dropping slightly. Supply side, SiMn alloy plants, affected by weak cost support, showed a weaker willingness to quote proactively. Demand side, downstream steel mills were cautious in purchasing, putting pressure on prices for SiMn alloy, leading to a slight drop in quotes from SiMn alloy plants.

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Ferrous Metals Series Weakness Affects SiMn Alloy Market to Fluctuate Downward [SMM Weekly Review] - Shanghai Metals Market (SMM)