Silicon manganese prices will usher in a decline
With the rising price of raw materials, Indian silicon manganese has ended the decline of several months and has welcomed an increase. At present, the price quoted by Indian manufacturers is 6517 $1120 cif Tianjin. But according to the feedback from Indian partners of Hainan West Asia Group, although the price has risen strongly, the demand has not recovered to the level of the epidemic. Therefore, the analysis of Hainan West Asia Import and Export Group believes that in the next two months, although the price is high, buyers will still hesitate to conclude transactions at this price level. We believe that the prices of manganese ore and silicon manganese are much higher than reasonable levels, but we are still optimistic about the market outlook. Therefore, silicon manganese in the next two months, the probability will fall.