Apr. 7, 2025: Silicon Manganese Latest News
Apr 07, 2025
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Apr. 7, 2025: Silicon Manganese Latest News(7126, -152.00, -2.09%) : Manganese mine end news disturbance, but the price did not see significant support, market sentiment fluctuated, silicon manganese price low volatility. This week, the silicon manganese futures price rose first and then fell, and the driving logic is constantly changing. Throughout is the end demand is relatively weak, the weekly value of sample steel demand for silicon manganese is still at a low level in the same period of history, low prices, traders are limited purchase willingness. At present, the production of silicon manganese is still in an overall loss according to the spot profit calculation, and the spot profit in Inner Mongolia is above -120CNY/ ton, and the manufacturers are less willing to ship at a low price, and the transaction is relatively light. Some enterprises in the main producing areas said that they had plans to reduce production, but it is obvious that the production enterprises to reduce production action is slow, and the support for the silicon manganese price of supply reduction still needs to be improved. On the cost side, there is news disturbance at the manganese mine this week, UMK recently announced that due to the decline in ore demand, the company will export manganese ore by rail. There is also relevant news about the adjustment of export tariffs on South African manganese ore, which has certain support for the price of semi-carbonic acid in South Africa, but the price of port manganese ore still fell in full this week. As of April 3, the data of Tianjin Hong Kong and Macao Mine Mn45%42.5CNY/ ton, which fell 2.5CNY/ ton week on week. Gabon block Mn44.5% aggregate price of 42.5CNY/ ton, down 1.5CNY/ ton, South Africa semi-carbonated block Mn36.5% aggregate price of about 35.5CNY/ ton, down 0.5CNY/ ton week on week, oxide ore quotation decline is significantly greater than semi-carbonated. On the whole, the overall market sentiment is slightly weak at present, manganese ore prices are still falling in shock, cost support is insufficient, and terminal demand needs to be boosted, dragging down silicon manganese prices. The future support mainly lies in the supply reduction and market sentiment changes, we believe that the short-term silicon manganese price is still low and volatile, but with the increase in the main production areas and the gradual dissipation of market panic, the center of gravity of silicon manganese price in the medium and long term may shift slightly.
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