Silicon metal social inventories stood flat on week

In H1 2026, the manganese industry chain displayed a pattern of "strength first, then weakness, consolidating at highs," with the core of the market revolving around a two-way tug-of-war between high cost support and weak end-use demand. In H2, the manganese market will feature "cost support, weak demand recovery, and prices drifting higher but relatively limited": the overseas manganese ore market will be more likely to rise than fall, with high port inventory capping gains; SiMn alloy, under production cuts, destocking, and cost support, will see its price center shift upward, though the rebound height will be constrained by the strength of downstream demand recovery and the extent of supply reduction.

[ADC12 Price Daily: ADC12 Prices Generally Stable with Slight Rise, Inverted Domestic-Overseas Spread Continues to Narrow] Quotes in the secondary aluminum alloy market predominantly held steady with a slight rise today. The SMM ADC12 price increased by 50 yuan/mt from the previous trading day to 24,050 yuan/mt. The rebound in aluminum prices and high cost-side operations remained key factors supporting enterprise quotes. Tight supply of aluminum scrap and persistently high procurement costs kept enterprises' willingness to cut prices low.

On July 2, the tender failure announcement for the PV module procurement (the second tender) of the Luzhou Generation-Grid-Load-Storage Integrated Energy Project (Phase I) was released. The announcement disclosed that the second tender was opened on June 30, 2026. As fewer than three bidders submitted the bid security, this tender failed. The section will be re-tendered in accordance with regulations. Previously, when this section was opened on May 22, 2026, it also failed because fewer than three bidders submitted bids.