Spot Prices Remain Stable With No Overall Fluctuations [SMM SiMn Alloy Daily Review]

Published: Mar 12, 2025 16:09

Save

[SMM SiMn Daily Review: Spot Prices Remain Stable with No Overall Fluctuation] In north China, SiMn alloy 65/17 (cash) was priced at 6,050-6,150 yuan/mt, down 25 yuan/mt MoM; in south China, SiMn alloy 65/17 (cash) was priced at 6,150-6,250 yuan/mt, also down 25 yuan/mt MoM. According to SMM, on the raw material side, port manganese ore inventory remained at a low level, with miners showing strong sentiment to stand firm on quotes. High-grade manganese oxide ore prices stayed at a relatively high level, but actual transactions have yet to follow. Supply side, many SiMn alloy plants held back from selling, while some plants maintained relatively firm quotes. Demand side, downstream steel mills showed weak demand for SiMn alloy, and market inquiries were relatively quiet. Currently, the SiMn alloy spot market remains stable with no overall fluctuation.

March 12: In the northern market, SiMn alloy 65/17 (cash) was priced at 6,050-6,150 yuan/mt, down 25 yuan/mt MoM; in the southern market, SiMn alloy 65/17 (cash) was priced at 6,150-6,250 yuan/mt, also down 25 yuan/mt MoM. According to SMM, on the raw material side, port manganese ore inventory remained at a low level, with miners showing strong sentiment to stand firm on quotes. High-grade manganese oxide ore prices stayed at a relatively high level, but actual transactions have yet to follow. Supply side, many SiMn alloy plants held back from selling, while some plants maintained relatively firm quotes. Demand side, downstream steel mills showed weak demand for SiMn alloy, and market inquiries were relatively quiet. Currently, the spot SiMn alloy market remains stable with no significant fluctuations.

》Subscribe to view SMM historical spot metal prices

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41