As of this Friday, SiMn alloy 65/17 (cash) in the north China market was priced at 5,850-5,950 yuan/mt, flat WoW; in the south China market, it was priced at 6,000-6,100 yuan/mt, also flat WoW. According to SMM, manganese ore market transactions during the week were moderate. Although miners maintained firm offers, alloy plants were cautious in purchasing, and the manganese ore spot market remained stable. Supply side, major SiMn alloy producers mainly fulfilled long-term contracts during the week, with weak willingness to sell spot orders. Small SiMn alloy plants and traders sold limited quantities at low prices. New production capacity was added at SiMn alloy plants in north China, and SiMn alloy production in the region is expected to increase slightly in the future. Demand side, downstream steel mills were cautious in purchasing SiMn alloy. Post-holiday, steel mills are expected to have stockpiling demand, and attention should be paid to their purchasing pace for SiMn alloy in the future.
》Click to view SMM manganese spot prices
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