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

[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.