As of Friday this week, the price of SiMn alloy 65/17 (cash) in the northern market was 5,500-5,600 yuan/mt, up 50 yuan/mt WoW from last Friday; in the southern market, it was 5,575-5,675 yuan/mt, up 75 yuan/mt WoW from last Friday.
On the spot market side, due to the firm support from manganese ore prices on the cost side, miners were more reluctant to sell at low prices, resulting in firm SiMn alloy offers and a slight rise in transaction prices. On the futures side, the SiMn alloy futures market showed a steady upward trend this week, providing a significant boost to spot market prices.
