SMM

[SMM SiMn Alloy Daily Review: Cost Support Remains, Spot Prices Rise Slightly] In north China, SiMn alloy 65/17 (cash) was priced at 6,200-6,350 yuan/mt, up 125 yuan/mt MoM; in south China, SiMn alloy 65/17 (cash) was priced at 6,300-6,450 yuan/mt, up 125 yuan/mt MoM. According to SMM, although affected by market news disturbances, the impact of manganese ore quotations remains weak, and miners' quotations are temporarily stable. Supply side, SiMn alloy plants in south China are expected to cut production slightly due to significant production pressure. Influenced by the futures market fluctuating upward, SiMn alloy plants raised their quotations slightly. Demand side, the slow resumption pace of steel mills has led to weak enthusiasm for SiMn alloy procurement, with actual transactions progressing slowly.