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

Published: Jun 13, 2025 16:49

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[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.

As of Friday this week, the price range of SiMn alloy 65/17 (cash) in the northern market was 5,450-5,550 yuan/mt, unchanged WoW from last Friday; in the southern market, it was 5,450-5,650 yuan/mt, also unchanged WoW from last Friday. According to SMM, on the raw material side, alloy plants' purchases of manganese ore were sluggish, and miners lowered their offers, with some manganese ore transaction prices dropping slightly. On the supply side, most northern SiMn plants maintained stable production, while in the south, SiMn plants' willingness to resume production increased due to electricity tariff discounts during the rainy season. On the demand side, the first round of inquiries in mainstream steel tenders fell short of expectations, and downstream steel mills of SiMn were mostly waiting for pricing guidance from mainstream steel mills.

》Click to view SMM's spot manganese quotes

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