SiMn market stabilizes after decline, mainstream steel companies enter the market [SMM SiMn Daily Review]

[SMM Daily Review of SiMn: SiMn Market Stabilizes After Halting Decline, Mainstream Steel Tenders Enter the Market] In the northern market, the price of SiMn alloy 65/17 (cash) is 5,600-5,700 yuan/mt, up 50 yuan/mt WoW from last Wednesday; in the southern market, the price of SiMn alloy 65/17 (cash) is 5,550-5,750 yuan/mt, up 50 yuan/mt WoW from last Wednesday. According to SMM, on the raw material side, driven by the continuous strong oscillation in the SiMn futures market, there is a strong sentiment for ore prices to follow suit. Miners are offering firm quotes, and the spot price of manganese ore has risen slightly. On the supply side, SiMn plants have a weak willingness to offer quotes actively, with many adopting a wait-and-see sentiment. Some SiMn holders have slightly raised their quotes. On the demand side, downstream buyers are cautious about purchasing SiMn. Mainstream steel tenders have entered the market, and the market is awaiting the pricing from these tenders.