Dec. 19, 2024: Silicon Manganese Latest News
Dec 19, 2024
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Dec. 19, 2024: Silicon Manganese Latest News (7126, -152.00, -2.09%) : On Wednesday, the main contract of silicon manganese shook and weakened, reported 6234CNY/ ton, down 1.33% from the previous month. The market price of silicon manganese is about 5850-6100CNY/ ton, which is 30-50CNY/ ton lower in various regions than the previous day. Yesterday, the trend of the black plate was weak, and market confidence remained to be boosted, and the center of gravity of the silicon manganese futures price continued to move down. North China's mainstream steel price final pricing 6350CNY/ ton, a month-on-month increase of 70CNY/ ton, basically in line with market expectations. After the mainstream steel pricing was finalized, steel recruitment began one after another, but at present, the improvement in downstream demand is limited. On the supply side, the weekly value of silicon manganese production is relatively stable, and there is still an increase in Inner Mongolia, and it is expected that the subsequent production will be stable and increase. At the cost end, the price of manganese ore is relatively stable this week, and it is expected that there is a top and a bottom. At the inventory end, the total amount of silicomanganic warehouse receipt and effective inventory exceeds 350,000 tons. On the whole, the current fundamental support is limited, the silicon manganese futures price is greatly affected by market sentiment, and it is expected to remain under pressure in the short term. Dec. 19, 2024: Silicon Manganese Latest News
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