Mar. 18, 2025: Silicon Manganese Latest News
Mar 18, 2025
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Mar. 18, 2025: Silicon Manganese Latest News(7126, -152.00, -2.09%) : On Monday, the silicon manganese futures price weakened, the main contract to 6190CNY/ ton, down 2.21% from the previous month, the main contract position increased by 31,375 lots to 441,500 lots. The market price of 6517 silicon manganese is 5900-6220CNY/ ton, which is basically 50CNY/ ton lower in Inner Mongolia than the previous day, and 100CNY/ ton lower in Ningxia than the previous day. Yesterday, the overall trend of the black plate was weak, and the center of gravity of the silicon manganese futures price moved down. We believe that the influencing factors are mainly the following three aspects: 1. As of last week, the port manganese ore inventory increased month-on-month, and the manganese ore price support weakened; 2, the overall trend of the black section is weak, and market sentiment needs to be boosted; 3, the number of silicon manganese warehouse receipt is high. Looking forward to the future, we believe that short-term port manganese ore inventory will still decline quarter-on-quarter, and miners are willing to support the price, manganese ore cost side is still supported, but the fundamentals as a whole, in addition to manganese ore, the rest of the lack of substantial upward driving support, is expected to be weak in the short term under the influence of market sentiment, is still mainly weak shock.
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