Oct. 8th, 2024: Silicon Manganese Latest News
Oct 08, 2024
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Silicon manganese market high volatility. In terms of industry, Ningxia manufacturers plate high hedging, inventory pressure is not large, there is a trend of turning losses into profits, the profit in Inner Mongolia is still good, the northwest region as a whole has no obvious plan to reduce production, in addition to Yunnan in the wet period to maintain full load production, the rest of the region is few, the furnace is only a single digit, and the south of the shipment is not much, as the wet period gradually ended, After the festival, the southwest started or gradually declined. On the demand side, before the festival, the macro positive increase continued to stimulate market sentiment, the black plate rose rapidly, the steel production reduction basically hit bottom, the resumption of blast furnace production has increased, considering that the inventory of silicon manganese is still high, manufacturers have wait-and-see psychology, driven by the plate atmosphere after the festival or the continuation of the shock upward, but the continuous need to pay attention to the trend of steel and steel. Strategic suggestions: Before the festival, the SM2501 contract rose sharply, and it is recommended to continue to treat the short-term shock idea, and investors should pay attention to risk control.
