The futures market is bullish, and SiMn plants have low willingness to quote prices [SMM SiMn Daily Review]

Published: Jul 9, 2025 17:43

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In the northern market, the price of SiMn alloy 65/17 (cash) ranges from 5,450 to 5,550 yuan/mt, up 50 yuan/mt WoW from last Wednesday; in the southern market, the price of SiMn alloy 65/17 (cash) ranges from 5,550 to 5,650 yuan/mt, up 100 yuan/mt WoW from last Wednesday. Recently, from the raw material market perspective, manganese ore prices have remained stable overall, with downstream...

July 9 news: In the northern market, the price of SiMn alloy 65/17 (cash) ranges from 5,450 to 5,550 yuan/mt, up 50 yuan/mt WoW from Wednesday last week. In the southern market, the price of SiMn alloy 65/17 (cash) ranges from 5,550 to 5,650 yuan/mt, up 100 yuan/mt WoW from Wednesday last week.

Recently, from the raw material market perspective, manganese ore prices have remained stable overall, with downstream SiMn alloy producers mainly purchasing based on rigid demand. The futures market has performed well, attracting SiMn alloy producers to be more inclined to engage in futures trading, resulting in scarce spot market offers for SiMn alloy. The spot transaction price has remained relatively stable, without significant fluctuations. There is a strong wait-and-see sentiment in the SiMn alloy market.

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