Apr. 9, 2025: Silicon Manganese Latest News
Apr 09, 2025
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Apr. 9, 2025: Silicon Manganese Latest News (7126, -152.00, -2.09%) : On Tuesday, the silicon manganese futures price fluctuated weaker, the main contract reported 5962CNY/ ton, down 0.57% from the previous month, the main contract position increased by 2045 lots to 327,000 lots. The market price of 6517 silicon manganese is 5650-5900CNY/ ton, which is basically the same as the previous day. The impact of the United States "reciprocal tariffs" is still gradually fermented, most of the black commodities weakened, the double coke fell by more than 4%, iron ore fell by more than 3%, and the main contract of silicon manganese opened lower. We believe that the recent market is still driven by macro sentiment, which still needs some time to release. From the point of view of the news, the production of production enterprises in the main producing areas increased, a silicon manganese factory in Ningxia today reduced production of 1 36000KVA silicon manganese furnace, a daily reduction of 200 tons, is expected to stop production for 1 month, and the follow-up depends on the market. On the whole, the supply reduction has some support for the silicon manganese price, but the recent overall market sentiment is cautious, and it is expected that the short-term silicon manganese price is still weak and volatile, and it is concerned about the follow-up tariff policy evolution and the maintenance of production enterprises in the main producing areas.
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