Feb. 7, 2025: Silicon Manganese Latest News
Feb 07, 2025
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Feb. 7, 2025: Silicon Manganese Latest News (7126, -152.00, -2.09%) : On Thursday, the main contract of silicon manganese rose significantly, closing at 7292 yuan/ton, up 7.49% from the previous month, refreshing the new high since July last year, and the main contract increased by 145,000 hands to 571,900 hands. The market price of silicon manganese is about 6250-6950 yuan/ton, Inner Mongolia and Ningxia increased by 250 yuan/ton compared with the previous day, Jiangsu and Tianjin increased by 290 yuan/ton compared with the previous day, and Guangxi and Yunnan increased by 100 yuan/ton compared with the previous day. 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. Tianjin Port semi-carbonated Mn36.5% traded 40 yuan/ton yesterday, Gabon block Mn46% traded 50 yuan/ton, Australia block Mn46% quoted 53 yuan/ton, up 1-2 yuan/ton from the previous day, Gabon block rose by nearly 30% month-on-month. Looking to the future, 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 at the manganese mine end. Feb. 7, 2025: Silicon Manganese Latest News
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