Mar. 10, 2025: Silicon Manganese Latest News(7126, -152.00, -2.09%) : manganese ore inventory is low, there are rumors of strikes in the Waihai mine, manganese ore cost support is enhanced, and attention is paid to the mainstream steel pricing. Recently, the union of Kangmilao Gabon mine announced an indefinite strike to call for an increase in employee salaries and benefits, and the impact of this activity on Gabon manganese mine production needs to be further evaluated. From the port manganese ore inventory point of view, as of February 28, the port manganese ore inventory totaled 3.901 million tons, down 107,000 tons week on week, down 1.397 million tons from the same period last year, the current port manganese ore inventory hit the lowest value in the same period in recent years. In the case of low inventory of port manganese ore combined with external rumors, manufacturers have strong willingness to support prices, and the center of gravity of port manganese ore summary price has moved up from the previous month. As of March 7, the price of Tianjin Hong Kong and Macao Mine was about 49CNY/ ton, with a weekly increase of 1CNY/ ton, and the Gabon mine summary price was about 48.5CNY/ ton, with a weekly increase of 1CNY/ ton. The price of semi-carbonic acid in South Africa is about 38.5CNY/ ton, with a week-on-week increase of 1.5CNY/ ton. From the supply and demand level, on the supply side, the weekly value of silicon manganese production continued to increase, and the opening probability of production enterprises in Guangxi, Guizhou and Yunnan regions rose at a low level. On the demand side, the demand for silicon manganese in steel mills this week improved slightly from the previous month, the weekly growth rate of thread production exceeded 5%, the steel recruitment continued in March, the mainstream steel recruitment bidding inquiry price of silicon manganese in March was announced, 6300CNY/ ton acceptance including tax to the factory price, the purchase quantity in March 11,000 tons, continue to pay attention to the relevant progress. On the inventory side, the inventory of manufacturers is declining from the previous quarter, but the number of warehouse receipts is still high. Overall, the current price of manganese ore is strong, cost support increases, supply and demand from both ends, the upward drive is also limited, it is expected that the short-term silicon manganese price is strong and volatile, continue to pay attention to the performance of steel.
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