Market sentiment was weak, and spot prices were in the doldrums [SMM Weekly Review].

Published: Apr 18, 2025 17:06

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SMM Weekly Review: Market Sentiment Remains Weak, Spot Prices in the Doldrums. As of this Friday, the cash price of SiMn alloy 65/17 in north China was 5,650-5,800 yuan/mt, down 50 yuan/mt MoM, while in south China, it was 5,700-5,850 yuan/mt, down 100 yuan/mt MoM. According to SMM, on the raw material side, port manganese ore transactions were sluggish, and offers from miners in both north and south China were under downward pressure. Supply side, SiMn producers were reluctant to actively offer prices, with some holders slightly lowering their offers. Demand side, the mainstream steel tenders entered the market during the week, with the final price set at 5,950 yuan/mt, and most parties adopted a wait-and-see sentiment. Currently, the market sentiment for SiMn remains weak, and spot prices are in the doldrums.

As of this Friday, the cash price of SiMn alloy 65/17 in the northern market ranged from 5,650 to 5,800 yuan/mt, down 50 yuan/mt MoM. In the southern market, the cash price of SiMn alloy 65/17 ranged from 5,700 to 5,850 yuan/mt, down 100 yuan/mt MoM. According to SMM, on the raw material side, port manganese ore transactions were sluggish, and offers from miners in both the north and south were under downward pressure. Supply side, SiMn producers showed weak willingness to actively quote, and some holders slightly lowered their offers. Demand side, mainstream steel tenders entered the market during the week, with the final price set at 5,950 yuan/mt, and most parties maintained a wait-and-see sentiment. Currently, the market sentiment for SiMn is weak, and spot prices are in the doldrums. Click to view SMM manganese spot offers.

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