For the price outlook of SiMn alloy in June, the majority of the market participants surveyed believe that the prices would fall. 40% of industry players are bearish due to high supply, great social inventory pressure and the traditional off-season.
Macroeconomic policies are expected to have limited impact on actual demand. 27% of the market players are bullish on the price in the future market, because the price of manganese ore is firm. Besides, the price of SiMn alloy fell sharply previously, and the profit margin of the alloy factories in the main production area was limited. 15% believe that the prices will resist both increases and declines. 18% of the participants are unsure about the market outlook.
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