News summary

The price of silicon and manganese has steadily increased, manufacturers have a strong willingness to support prices, and the market has a strong wait-and-see attitude.

Newsletter text

The price of silicon and manganese rose slightly, and the market was strongly willing to support prices

As of May 24, the price of silicon-manganese 6517 (cash) in the northern Chinese market reached 7,900 - 8,100 yuan/ton, a month-on-month increase of 100 yuan/tongovernorofpoker4; The price of similar products in the southern market is 8,000 - 8,200 yuan/ton, also showing an increase of 100 yuan/ton. According to analysis, the market price of silicon-manganese remains consolidating, and there is a certain price difference between spot prices and futures prices.

The chaotic situation of market quotes is mainly affected by market fluctuations, which has led to a strengthened willingness of silicon-manganese producers to raise prices. Despite the high cost pressure, manufacturers still show a continued attitude of supporting prices. Currently, low-cost resources in the silicon-manganese spot market are scarce.

Some silicon-manganese producers plan to resume production. Their main goal is to utilize low-priced manganese ore stocks purchased in the early stage. However, acceptance of high-priced imported minerals is limited. In terms of downstream demand, the enthusiasm for purchasing silicon and manganese is not high, resulting in difficulties in high-priced transactions. Market participants generally adopt a wait-and-see attitude.

In the short term, silicon-manganese prices are expected to continue to maintain a consolidating trend. At present, both supply and demand sides in the market are cautious and the price of silicon and manganese is not expected to fluctuate significantly in the short term.