silicon manganese analysis

Today's silicon manganese market consolidation operation, the northern factory manganese ore stock basically ended, individual factories according to the price one after another replenishment, mine prices remain stable, chemical coke this month or there is a round of price reduction expectations, Ningxia manufacturers offer enthusiasm is not high, shipment is not smooth, futures plate range oscillation operation, the current business moved to 05, coupled with the old standard monomer volume reduction, The price of shipping resources based on the near-price has moved up, and the southern factory is dominated by a price mentality, and the supply is tight.
On the futures end, the silicon manganese main 05 contract closed at 6118 on January 2, with a margin of +0.79%, up 48, and a one-day reduction of 10,587 positions.
At the factory end, there are manufacturers in Guilin area of Guangxi that are expected to reduce electricity costs by about 5 minutes, and the electricity charge for a class avoiding peak production is 0.45, other areas are still confirmed, and there are factories in Baise area this week to resume production, with a small increase in output. The electricity bill in Guizhou has not fluctuated, a new furnace has been officially put into production in a big factory in Guizhou this week, another big factory has also stopped production, there is only one furnace production, and some factories have production plans before the year, production losses, maintenance during the New Year. In Inner Mongolia, the early production of new ignition furnaces has been increased, and the ignition of individual factory furnaces is expected this month, and the output is expected to continue to increase.
Steel plant end, Baosteel Group bidding silicon manganese alloy pricing: WisCO 6170 yuan/ton quantity 800 tons; Baosteel 6140 yuan/ton, 600 tons; Zhanjiang 6290 yuan/ton, quantity 1500 tons, are accepted including tax to the factory. Jinshenglan Group bidding silicon manganese alloy pricing: Yunfu 6,200 yuan/ton, quantity 3,000 tons; Heyuan 6250 yuan/ton, quantity 2300 tons; Jiangsu 6030 yuan/ton, the quantity of 3000 tons, are cash including tax to the factory.
Overall, the silicon manganese market is expected to consolidate in the short term.

Request a Quote

We receive enquiries in English, Español (Spanish), Français (French) and العربية (Arabic).Our professional team will reply to you within one business day.Please feel free to contact us!