SMM

[SMM Weekly Review: Cost Support Strengthened, SiMn Alloy Market Fluctuated Upward] As of this Friday, the SiMn alloy 65/17 (cash) in the north China market was priced at 6,200-6,500 yuan/mt, while in the south China market, it was 6,300-6,600 yuan/mt. According to SMM, on the raw material side, affected by reduced manganese ore shipments, miners showed strong sentiment to stand firm on quotes, and spot manganese ore prices fluctuated upward. Supported by stronger costs, SiMn alloy holders showed weak willingness to sell at low prices, and many SiMn alloy plants held back from selling. On the demand side, the slow resumption pace of steel mills led to weak enthusiasm for SiMn alloy procurement, with most waiting for progress in steel tendering.