Mainstream steel tenders have not yet been priced, and the market is mostly holding a wait-and-see sentiment [SMM SiMn Daily Review]

Published: Jun 18, 2025 17:39

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[SMM SiMn Daily Review: Mainstream Steel Mill Bidding Not Yet Priced, Market Holds Wait-and-See Sentiment] In the northern market, SiMn alloy 65/17 (cash) is priced at 5,400-5,550 yuan/mt, down 25 yuan/mt WoW from Wednesday; in the southern market, SiMn alloy 65/17 (cash) is priced at 5,450-5,600 yuan/mt, down 25 yuan/mt WoW from Wednesday. According to SMM, on the raw material side, various types of manganese ore are in a state of overall loss, with limited room for miners to lower prices, and manganese ore prices showing relatively small fluctuations. On the supply side, due to the electricity cost advantages during the rainy season in southern regions such as Yunnan, SiMn plants that had previously suspended production are gradually resuming operations, leading to an increase in the SiMn operating rate. On the demand side, mainstream steel mill bidding has not yet been priced, and downstream steel mills are maintaining a cautious wait-and-see sentiment.

June 18 news: In the northern market, SiMn alloy 65/17 (cash) was priced at 5,400-5,550 yuan/mt, down 25 yuan/mt WoW from last Wednesday; in the southern market, SiMn alloy 65/17 (cash) was priced at 5,450-5,600 yuan/mt, down 25 yuan/mt WoW from last Wednesday. According to SMM, on the raw material side, various types of manganese ore are in a state of overall loss, with limited room for miners to offer discounts, and manganese ore prices are fluctuating relatively small. On the supply side, due to the advantage of electricity costs during the rainy season in southern regions such as Yunnan, SiMn plants that had previously suspended production are gradually resuming operations, and the operating rate of SiMn has increased. On the demand side, the pricing for mainstream steel tenders has not yet been determined, and downstream steel mills are maintaining a cautious wait-and-see sentiment.

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