On May 21: In the northern market, the price of SiMn alloy 65/17 (cash) was 5,550-5,650 yuan/mt, down 50 yuan/mt WoW from last Wednesday. In the southern market, the price of SiMn alloy 65/17 (cash) was 5,550-5,750 yuan/mt, down 50 yuan/mt WoW from last Wednesday. According to SMM, inventory buildup continued at ports for manganese ore, and alloy plants were driving down prices when purchasing manganese ore, putting pressure on miners' offers, which were under pressure. The cost support for SiMn weakened, coupled with the futures market in the doldrums, the spot market for SiMn was in the doldrums. The pricing of mainstream steel tenders fell short of expectations, and the mainstream transaction prices in the SiMn market were slightly adjusted downward.
Mainstream steel procurement pricing falls short of expectations, spot price drops slightly [SMM SiMn Daily Review]
- May 21, 2025, at 2:33 pm
[SMM SiMn Daily Review: Mainstream Steel Tender Pricing Falls Short of Expectations, Spot Prices Drop Slightly] In the northern market, the price of SiMn alloy 65/17 (cash) is 5,550-5,650 yuan/mt, down 50 yuan/mt WoW from last Wednesday; in the southern market, the price of SiMn alloy 65/17 (cash) is 5,550-5,750 yuan/mt, down 50 yuan/mt WoW from last Wednesday. According to SMM, inventory buildup at ports continues for manganese ore, with alloy plants driving down prices when purchasing manganese ore, and miners' offers are under pressure. The cost support for SiMn weakens, coupled with the futures market in the doldrums, leading to a sluggish performance in the SiMn spot market. Mainstream steel tender pricing falls short of expectations, with a slight decrease in mainstream transactions in the SiMn market.
