Mar. 3, 2025: Silicon Manganese Latest News
Mar 03, 2025
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Mar. 3, 2025: Silicon Manganese Latest News(7126, -152.00, -2.09%) : The fundamental drive is limited, and the price of silicon manganese is mainly weak
1, supply: in February, the silicon manganese production capacity release rate is still low, and the total output is expected to decline year-on-year. The data show that the capacity release rate in Guangxi is expected to increase slightly in February, and the rest of the region has declined to varying degrees. It is expected that the output of silica manganese in Inner Mongolia in February is 424,000 tons, down 38,500 tons from the previous month; The output of silicon manganese in Ningxia was 218,200 tons, down 10,300 tons from the previous month. The production of silicon manganese in Sichuan and Chongqing region was 53,600 tons, down 0.69 million tons from the previous quarter. Total production is expected to be 880,700 tons, down 65,900 tons from the previous month.Mar. 3, 2025: Silicon Manganese Latest News
2. Demand: Steel recruitment continues, and the demand for silicon manganese in sample steel mills ends the weekly decline cycle of more than 1 year. In February, the mainstream steel pricing was 6500CNY/ ton, and the price of steel pricing at the end of February was slightly lower than that of the previous month. According to the data of steel Union, as of the week of February 28, the weekly value of the demand for silicon manganese in sample steel mills was 120,400 tons, an increase of 1.71% on a week-on-week basis, and a slight increase on a year-on-year basis. In February 2025, the weekly value of the demand for silicon manganese in sample steel mills ended a year-on-year decline of more than a year. Focus on traditional "peak season" demand performance.Mar. 3, 2025: Silicon Manganese Latest News
3, inventory: sample enterprise inventory continued to decline, but the number of warehouse receipts is high, steel mills silicon manganese inventory is low. The inventory of sample enterprises continued to decline month-on-month, as of February 28, the inventory of 63 sample enterprises totaled 116,500 tons, down 12,000 tons month-on-month, a drop of 9.34%. As of February 28, the number of silicon manganese warehouse receipts was 89,134, and the effective forecast was 11,989, with a total of 101,123, an increase of 64,962 over the same period last year. In February, the available days of silicon manganese inventory in steel mills were 16.27 days, down 0.71 days from the previous month and down 0.73 days from the same period last year.Mar. 3, 2025: Silicon Manganese Latest News
4, cost: the port manganese ore inventory is low, the high price of manganese ore fell slightly, and the price willingness is still strong. As of February 21, the port manganese ore inventory totaled about 400.8 million tons, down 105,000 tons from the previous month, down 1.29 million tons year-on-year, hitting a new low in the same period in recent years. As of February 28, the price of Tianjin Hong Kong and Macao mine is about 48CNY/ ton, Gabon mine is about 47CNY/ ton, and South Africa semi-carbonic acid is about 37CNY/ ton.Mar. 3, 2025: Silicon Manganese Latest News
5. Summary: Cost support is weakened, supply and demand are limited, and silicon manganese prices are weak and volatile. Manganese ore end gradually tends to be stable, even if the port manganese ore inventory is at a low level, the manufacturer is willing to support the price is strong, but the port manganese ore price still fell slightly from the high level, the chemical coke price has also declined to a certain extent, the silicon manganese cost support is gradually weakening. From the fundamental point of view, the marginal tightening of silicon manganese supply and demand pattern, a slight decline in production quarter-on-quarter, a slight increase in demand quarter-on-quarter, but the price is weak, the downstream overall procurement intention is still more limited, the traditional "peak season" performance or lower than expected, and the follow-up continues to pay attention to the performance of steel. On the inventory side, although the manufacturer's inventory is gradually declining, the number of silicon manganese warehouse receipts has increased significantly year-on-year. Overall, the short-term silicon manganese lack of strong support, and there are more external rumors, there is a certain disturbance to market sentiment, under the influence of multiple disturbances, silicon manganese prices are expected to maintain a low volatile trend.Mar. 3, 2025: Silicon Manganese Latest News
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