This week, the national silicon and manganese market showed a small upward trend, rising by about 50 to 100 yuan / ton, the spot market supply is scarce, short-term supply capacity is slightly inadequate.
In terms of price, after the continuous low consolidation of silicon and manganese last week, the price of silicon and manganese rose somewhat, mainly for two reasons: 1. At the beginning of this month, the alloy factory said that it was full to send orders in May, and at the same time, silicon and manganese were more concentrated in the delivery of orders to steel mills in the near future. Traders are also gradually strengthening their willingness to purchase at the end of the month, but due to the unsatisfactory prices of some steel bills this month, the regional start-up rate has changed, and there is an extreme shortage of spot inventory in some areas. In this context, the short-term supply of silicon and manganese is slightly weaker than the market demand. Silicon manganese is now, futures prices are then controlled to rise; 2. Next week is expected to usher in the June steel move. With reference to the steel price last month, the profits of the northern manufacturers are compressed, and the southern manufacturers are struggling to survive. In order to support the new round of silicon and manganese bidding, most manufacturers intend to raise their quotations this week. In order to fight for steel prices are flat compared with last month.
On the supply side, according to SMM, the operating rate in the main producing areas in the north is relatively stable, with the exception of temporary substation accidents and maintenance in a small number of areas, the overall production situation is good, at the same time, at the end of this month, part of the maintenance of the mine heat furnace will also resume production; On the other hand, the operating rate in the southern producing areas has been divided. Some manufacturers in Guangxi said that due to the low prices of mainstream steel in the south in May, production has been suspended, or only part of the ore heating furnace operation has been maintained, so the spot of silicon and manganese in the southern market is even more scarce. Some manufacturers due to scheduling reasons, it is expected to be difficult to complete all orders, however, the market transfer is also more difficult, or the goods are priceless, or the price is not available.
This week, the manganese ore market has continued to show a slight downward trend, which has once again brought benefits to the production cost of silicon and manganese. The decline in mainstream charge minerals has received more attention from the market, but it may also become the basis and space for steel tactics to continue to crack down on the upstream market. Some steel mills said that silicon and manganese prices may continue to decline slightly in June, expected to fall by about 20 to 70 yuan per ton.
Today's SMM Inner Mongolia Si-mn 6517 average quotation is 7400 yuan / ton (accepted ex-factory price), up 50 yuan / ton from last week.