Most SiMn plants hold back from selling, and spot prices remain stable for the time being [SMM SiMn Daily Review]

Published: Jul 2, 2025 16:55

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[SMM SiMn Daily Review: Most SiMn alloy 65/17 producers hold back from selling, spot prices remain stable] In the northern market, SiMn alloy 65/17 (cash) is priced at 5,400-5,500 yuan/mt, down 50 yuan/mt WoW from Wednesday; in the southern market, SiMn alloy 65/17 (cash) is priced at 5,450-5,550 yuan/mt, down 50 yuan/mt WoW from Wednesday. According to SMM, on the raw material side, miners' reluctance to budge on prices persists, and spot prices of manganese ore are on the rise. On the supply side, SiMn alloy 65/17 producers in the southern region still have the willingness to resume production, and it is expected that SiMn alloy 65/17 supply will increase slightly in the future. Due to rising raw material costs, SiMn alloy 65/17 producers continue to suffer losses, and their willingness to sell at low prices is weak, with many holding back from selling. On the demand side, downstream players are mostly waiting for mainstream steel tenders to enter the market, and buyers are adopting a cautious wait-and-see attitude, with spot prices of SiMn alloy 65/17 remaining stable.

July 2 News: In the northern market, the price of SiMn alloy 65/17 (cash) ranges from 5,400 to 5,500 yuan/mt, down 50 yuan/mt WoW from Wednesday last week. In the southern market, the price of SiMn alloy 65/17 (cash) ranges from 5,450 to 5,550 yuan/mt, down 50 yuan/mt WoW from Wednesday last week. According to SMM, on the raw material side, miners' reluctance to budge on prices continues, and the spot price of manganese ore is on an upward trend. On the supply side, SiMn alloy plants in the southern region still have the willingness to resume production, and it is expected that the supply of SiMn alloy will increase slightly in the future. Due to the rising cost of raw materials, SiMn alloy plants continue to suffer losses, and their willingness to sell at low prices is weak, with many holding back from selling. On the demand side, downstream players are mostly waiting for mainstream steel tenders to enter the market, and buyers are adopting a cautious wait-and-see attitude. The spot price of SiMn alloy is temporarily stable.

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