Feb. 10, 2025: Silicon Manganese Latest News
Feb 10, 2025
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Feb. 10, 2025: Silicon Manganese Latest News: strong cost support, superposition of external sentiment warming, silicon manganese price center of gravity continues to move up. This round of rise has many factors to drive, the main reason is still in the manganese mine end. The center of gravity of silicon manganese trading is manganese ore, the current port manganese ore inventory is still low, the cargo rights are more concentrated, superimposed before the Gabon shipment reduction news, miners are willing to support the price is strong, the factory a new round of replenishment gradually began, manganese ore quotations and transaction prices are shaking up. Ferroalloy online data show that as of Friday, Tianjin port manganese ore inventory totaled only 3.719,500 tons, an increase of 312,600 tons; Qinzhou Port 708,100 tons, an increase of 123,100 tons, a total of 4,430,700 tons, is still about 8% below the level of the same period last year. On Friday, the spot Australian block of manganese ore reported 55-58 yuan/ton degree, and the transaction was about 52-53 yuan/ton degree; Gabon block at 54-55 yuan/ton, the transaction of about 51-52 yuan/ton; The Gabon block rose more than 30% month-on-month and is still on the rise. Under the strong support of the cost, the rest of the news disturbance was superimposed, which jointly promoted the silicon manganese futures price to rise sharply. Looking ahead, it is still necessary to focus on manganese ore shipments and inventory data. At present, the market is focused on this, the port manganese ore inventory and arrival are low, manganese ore supply is relatively tight, manganese ore prices still have a certain upside. However, it should be noted that at present, the supply and demand structure of silicon manganese itself is relatively loose. Driven by cost support and sentiment, the short-term silicon manganese futures price is still driven upward, but the upper pressure is also gradually increasing, and the follow-up continues to pay attention to the changes and positions of the manganese mine.Feb. 10, 2025: Silicon Manganese Latest News
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