SiMn alloy mills showed weak willingness to actively offer prices, spot prices remained stable [SMM SiMn alloy daily review]

SMM SiMn Alloy Daily Review: SiMn Alloy Mills Show Weak Willingness to Actively Quote, Spot Prices Remain Stable. In the north China market, SiMn alloy 65/17 (cash) was at 5,950-6,050 yuan/mt, flat MoM; in the south China market, SiMn alloy 65/17 (cash) was at 6,050-6,150 yuan/mt, flat MoM. According to SMM, on the raw material side, miners' offers remained firm, with weak willingness to sell at low prices, and spot prices stopped falling and stabilized. On the supply side, cost support was weak, and SiMn alloy mills showed weak willingness to actively quote. Manganese ore prices remained at a relatively high level, and due to high production resistance, SiMn alloy mills are expected to reduce or halt production in the future. On the demand side, downstream steel mills showed weak demand for SiMn alloy, and spot prices of SiMn alloy remained stable.