Futures market holds up well, with all parties taking a wait-and-see attitude [[SMM Weekly Review]]

[SMM Weekly Review: Futures Market Holds Up Well, Most Parties Adopt a Wait-and-See Attitude] As of Friday this week, the price of SiMn alloy 65/17 (cash) in the northern market was 5,550-5,650 yuan/mt; in the southern market, it was 5,550-5,750 yuan/mt. According to SMM, on the raw material side, the manganese ore market saw sluggish transactions, with spot prices continuing to be in the doldrums. On the supply side, there are still plans for SiMn alloy producers to reduce or halt production. With the futures market holding up well, the spot price of SiMn alloy has stabilized after a decline. On the demand side, downstream steel mills are mostly waiting for major steel tenders to enter the market. Spot order transactions in the market are sluggish, and most parties are adopting a wait-and-see attitude.