Market Transactions Slow Down, Spot Prices Remain Stable [SMM SiMn Alloy Daily Review]

Published: Jan 22, 2025 14:16

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[SMM SiMn Alloy Daily Review: Market Transactions Slow, Spot Prices Remain Stable] In north China, SiMn alloy 65/17 (cash) was priced at 6,000-6,200 yuan/mt, up 100 yuan/mt MoM; in south China, SiMn alloy 65/17 (cash) was priced at 6,200-6,300 yuan/mt, up 100 yuan/mt MoM. According to SMM, on the raw material side, due to relatively low port inventory, miners showed strong sentiment to stand firm on quotes, with a reluctance to sell. Currently, logistics and transportation face difficulties, and downstream alloy mills have reduced purchases. The manganese ore market remains in consolidation. Supply side, many alloy mills hold back from selling. Demand side, mainstream steel tenders have yet to be priced, and downstream steel mills have slowed their purchasing pace. Attention should still be paid to the situation of mainstream steel tenders.

January 22 News: In the north China market, SiMn alloy 65/17 (cash) was priced at 6,000-6,200 yuan/mt, up 100 yuan/mt MoM; in the south China market, SiMn alloy 65/17 (cash) was priced at 6,200-6,300 yuan/mt, up 100 yuan/mt MoM. According to SMM, on the raw material side, due to relatively low port inventory, miners showed strong sentiment to stand firm on quotes, with a reluctance to sell. Currently, logistics transportation is challenging, and downstream alloy plants have reduced purchases. The manganese ore market remains stable. Supply side, many alloy plants are holding back from selling. Demand side, mainstream steel tenders have yet to be priced, and downstream steel mills have slowed their purchasing pace. Attention should still be paid to the situation of mainstream steel tenders.

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