Feb. 17, 2025: Silicon Manganese Latest News
Feb 17, 2025
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Feb. 17, 2025: Silicon Manganese Latest News (7126, -152.00, -2.09%) : the port manganese ore inventory declined quarter-on-quarter, and the cost support is still strong, and the fluctuation is still large. This week, the silicon manganese futures price fell sharply. It closed down by the limit on Tuesday, fell more than 5% on Wednesday, and reduced its position by nearly 150,000 lots in two days, and the current market is stabilizing. Recently, the focus of the silicon manganese market is mainly in the manganese mine, Gabon shipment increment, and market sentiment has begun to turn. The main reason for the strong silicon manganese price is that the port manganese ore inventory is relatively low, and there is news from the superimposed market that Gabon manganese ore will reduce shipments, and manganese ore prices have risen rapidly. However, according to the steel union, flush data show that last week manganese ore shipments increased significantly, of which Gabon manganese ore shipments in the week value of 370,900 tons, a new high in July last year, the port manganese ore inventory also recovered from the low, manganese ore prices began to fall from the high. However, as of this weekend, the data show that the total inventory of manganese ore at the port is about 4.175,700 tons, which fell again week on week, down 255,000 tons, and it is expected that the price of manganese ore will stop falling, and there is still some support at the cost end. In terms of steel recruitment, the mainstream steel inquiry price was announced, the first round of silicon manganese inquiry price in February was 6450 yuan/ton, and the mainstream steel inquiry price was 6350 yuan/ton in December, and the inquiry price was relatively low. Looking forward to the future, after the fall of the plate, the market mentality has a certain divergence, miners still have a price sentiment, there is some support at the cost end, no new news disturbance, silicon manganese futures prices continue to fall probability is not large, but there is still a large fluctuation in the short term, remind investors to pay attention to the risk of holding positions, follow-up attention to manganese ore shipments and steel recruitment related progress. Feb. 17, 2025: Silicon Manganese Latest News
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