Dec. 16, 2024: Silicon Manganese Latest News
Dec 16, 2024
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Dec. 16, 2024: Silicon Manganese Latest News: Silicon manganese (7126, -152.00, -2.09%) market volatility last week.
In terms of industry, as of October 2024, China has imported nearly 25 million tons of manganese ore, and the price of imported manganese ore continues to be low and volatile, and the cost is higher in the southern region, and the price sentiment is strong.
The output of newly ignited furnaces in early period increased gradually in Inner Mongolia. The immediate profit of Ningxia manufacturers is in a state of loss, the fluctuation of manufacturers is not large, steel mills have opened a new round of procurement, some steel mills are ready for winter storage, short-term alloy demand has improved. Dec. 16, 2024: Silicon Manganese Latest News
This week: In terms of industry, the statistics of 187 independent silicon manganese enterprises in China: the operating rate (capacity utilization rate) of 45.03% in China, an increase of 0.14% over the previous week; Dec. 16, 2024: Silicon Manganese Latest News
The average daily output is 28,220 tons, an increase of 10 tons; China's silicon manganese production (weekly supply 99%) : 197,540 tons, an increase of 0.04% compared with last week, the price of manganese ore at the cost end consolidated, chemical coke down, spot support weakened;
The operating rate in Northwest China is relatively strong, there is no obvious short-term willingness to reduce production, and individual furnaces in Inner Mongolia are expected to be put into production before the end of the year, and the overall output of silicon manganese still has room to rise.
In terms of demand, the five major steel types of silicon manganese (70% of weekly demand) : 123,697 tons, down 0.48% from last week, the mainstream steel recruitment increased slightly, the inquiry price of 6280CNY/ ton, the steel inquiry is more entangled, the supply and demand game continues, the market is waiting to see the final pricing guidance of steel recruitment. Dec. 16, 2024: Silicon Manganese Latest News
Pay attention to macro policy and downstream stock situation.Dec. 16, 2024: Silicon Manganese Latest News
Strategy suggestion: SM2501 contract high fall, multi-day moving average shows a short arrangement, fundamental pressure to limit the upside, the operation to consider the high short, pay attention to the pressure around 6400, please pay attention to risk control.
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