Oct.25, 2024: Silicon Manganese Latest News
Oct 25, 2024
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Oct.25, 2024: Silicon Manganese Latest News: On Thursday, the main contract of silicon manganese shook and weakened, reporting 6118CNY/ ton, down 0.16% from the previous day. The market price of 6517 silicon manganese is 5720-6030CNY/ ton, and the Guangxi region is reduced by 20CNY/ ton from the previous day, and the Yunnan region is slightly increased by 20CNY/ ton. Recently, the black plate maintained a slightly weak trend, and the amplitude was relatively small yesterday. From the fundamental point of view, the recent pressure on the supply side of silicon manganese is still gradually increasing, the main increment comes from the northern region, some enterprises have stopped production and resumed production after maintenance, and the overall willingness to start work in the southern region is weak. On the demand side, the steel recruitment is coming to an end in October, the boost to the demand side is relatively limited, and the price performance of the steel recruitment is also lacking support. Port manganese ore inventory declined week on week, but still at the highest level in the same period in recent years, semi-carbonic acid prices decreased slightly, and Gabon mine prices increased by 0.5CNY/ ton. Overall, the fundamental support of silicon manganese is weak, but under the situation of double increase in supply and demand, there are no more negative and negative factors, and it is expected that short-term low shocks are mainly. Pay attention to macro mood swings.Oct.25, 2024: Silicon Manganese Latest News
