March 19 News: In the northern market, SiMn alloy 65/17 (cash) was priced at 5,950-6,050 yuan/mt, down 100 yuan/mt MoM; in the southern market, SiMn alloy 65/17 (cash) was priced at 6,050-6,150 yuan/mt, also down 100 yuan/mt MoM. According to SMM, on the raw material side, manganese ore inventory at ports remained relatively low, and miners maintained a strong sentiment to stand firm on quotes, but actual transactions have yet to follow up. Alloy plants mostly pressed down manganese ore prices during purchases, and spot manganese ore prices dropped slightly. On the supply side, many SiMn alloy plants held back from selling, focusing on fulfilling previous orders. On the demand side, downstream steel mills were cautious in purchasing SiMn alloy, and end-use consumption remained weak. Currently, the SiMn alloy market lacks sufficient downstream demand support, and spot prices have dropped slightly.
Insufficient Downstream Demand Causes Spot Prices to Drop Slightly [SMM SiMn Alloy Daily Review]
- Mar 19, 2025, at 6:15 am
[SMM SiMn Alloy Daily Review: Insufficient Downstream Demand Support, Spot Prices Drop Slightly]
In the northern market, SiMn alloy 65/17 (cash) was priced at 5,950-6,050 yuan/mt, down 100 yuan/mt MoM; in the southern market, SiMn alloy 65/17 (cash) was priced at 6,050-6,150 yuan/mt, also down 100 yuan/mt MoM. According to SMM, on the raw material side, manganese ore inventory at ports remained relatively low, and miners maintained a strong sentiment to stand firm on quotes. However, actual transactions have not followed up, and alloy plants are pressing down manganese ore prices during purchases, leading to a slight drop in manganese ore spot prices. Supply side, many SiMn alloy plants held back from selling and focused on fulfilling previous orders. Demand side, downstream steel mills were cautious in purchasing SiMn alloy, and end-use consumption remained weak. Currently, the SiMn alloy market lacks sufficient downstream demand support, and spot prices have dropped slightly.
