Mainstream steel companies entered the market during the week, with most adopting a cautious wait-and-see sentiment [SMM SiMn Weekly Review]

[SMM SiMn Weekly Review: Mainstream Steel Mills Enter the Market, with a Cautious Wait-and-See Sentiment] As of Friday this week, the price of SiMn alloy 65/17 (cash) in the northern market was 5,450-5,550 yuan/mt, unchanged from last Friday on a WoW basis; in the southern market, it was 5,450-5,650 yuan/mt, also unchanged from last Friday on a WoW basis. According to SMM, on the raw material side, alloy plants' purchases of manganese ore were sluggish, miners lowered their offers, and the transaction prices of some manganese ores dropped slightly. On the supply side, most northern SiMn plants maintained stable production, while SiMn plants in the southern region showed increased willingness to resume production due to electricity tariff discounts during the rainy season. On the demand side, the first round of inquiries from mainstream steel mills fell short of expectations, and downstream steel mills of SiMn were mostly waiting for the pricing decisions of mainstream steel mills.