Daily Review of Silicon and Manganese Market on April 22, 2020

On April 22, the decision of 7100 yuan / ton for the tender of silicon and manganese in a mainstream steel mill in the south today will give some guidance to the market, and the tone of short-term high and stable will not change. At the same time, it can also be seen as a signal that the price of the manganese industry chain brought about by South Africa has come to an end. In addition, many silicon and manganese manufacturers have higher inventories, port manganese ore stocks have not yet been reduced, and the silicon manganese and manganese ore markets are less likely to rise again. But with the high cost of silicon and manganese produced under the overall high mine prices in April, holders are also reluctant to loosen prices downward.