SMM Survey on Downstream Stocking Situation in Manganese-Related Industries before the National Day Holiday

Published: Sep 29, 2022 16:47

Source: SMM

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Steel mills issued bids for SiMn alloy before the National Day holiday due to recovering end demand and low SiMn alloy inventory.

SHANGHAI, Sep 29 (SMM) –
SiMn alloy

Steel mills issued bids for SiMn alloy before the National Day holiday due to recovering end demand and low SiMn alloy inventory. The bid prices and volumes both rose slightly.

EMM

Steel mills also issued bids for EMM. As EMM prices are relatively high, the demand was limited and mainly contributed by special steel and alloy plants. Trading activities picked up, but market prices were chaotic as sellers rushed to clear their inventories due to concerns over post-holiday logistics, given the unstable pandemic situation.

Manganese sulphate

As manganese sulphate is not in short supply, pre-holiday stocking by precursor plants declined when compared with the same period last year. Precursor plants mostly restocked under long-term contracts, with limited purchases from the spot market.

Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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