February 12 News: In the northern market, SiMn alloy 65/17 (cash) was priced at 6,300-6,500 yuan/mt, up 300 yuan/mt MoM; in the southern market, SiMn alloy 65/17 (cash) was priced at 6,400-6,600 yuan/mt, up 250 yuan/mt MoM. According to SMM, on the raw material side, miners mostly held back from selling, and manganese ore spot prices remained high. Supply side, SiMn alloy plants mostly held back from selling, with weak willingness to sell at low prices. Demand side, steel tenders were gradually launched, with major steel tenders entering the market. Market participants mostly adopted a wait-and-see attitude, awaiting inquiries from major steel tenders.
SiMn Alloy Plants Hold Back From Selling, Market Remains in a Wait-and-See Mode [SMM SiMn Alloy Daily Review]
- Feb 12, 2025, at 5:44 pm
[SMM SiMn Alloy Daily Review: Most SiMn Alloy Plants Hold Back From Selling, Market Remains in Wait-and-See Mode]
In north China, SiMn alloy 65/17 (cash) was priced at 6,300-6,500 yuan/mt, up 300 yuan/mt MoM; in south China, SiMn alloy 65/17 (cash) was priced at 6,400-6,600 yuan/mt, up 250 yuan/mt MoM. According to SMM, on the raw material side, most miners held back from selling, and spot prices of manganese ore remained high. Supply side, most SiMn alloy plants held back from selling, with weak willingness to sell at low prices. Demand side, steel tenders were gradually launched, with mainstream steel tenders entering the market. Market participants mostly remained in a wait-and-see mode, awaiting inquiries from mainstream steel tenders.
