Mar. 20, 2025: Silicon Manganese Latest News
Mar 20, 2025
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Mar. 20, 2025: Silicon Manganese Latest News (7126, -152.00, -2.09%): On Wednesday, silicomanganese futures price oscillated and weakened, the main contract closed at 6110CNY/tonne, down 1.61% YoY, and the main contract position increased by 10,859 lots YoY to 447,300 lots.6517 Silicomanganese market price was 5,800-6,100CNY/tonne, Inner Mongolia area decreased by 50CNY/tonne compared with the previous day, and Ningxia area was lowered by 80CNY/tonne compared with the previous day. The recent silico-manganese driving logic basically did not change. Yesterday, the overall trend of black plate was weak, market sentiment to be boosted, and the center of gravity of silicon manganese futures price shifted down with it. In addition to the impact of the above sentiment, the recent manganese ore cost support is slightly loose, March 19th data, Tianjin Hong Kong and Macau block offer 47CNY/ton-degree, down 0.5CNY/ton-degree; Gabon ore offer 46CNY/ton-degree, down 0.5CNY/ton-degree, South Africa semi-carbonate offer 37CNY/ton-degree, down 0.3CNY/ton-degree. At present, according to the immediate profit measurement, the main production area of silicomanganese production into a comprehensive loss, but did not see obvious overhaul shutdown phenomenon. Demand side performance is relatively weak, the overall supply and demand pattern is relatively loose, pay attention to the follow-up whether there will be production cuts. Overall, multiple factors resonate, it is expected that the short-term silicomanganese futures prices are still weak and oscillating.
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