silicon manganese wait and see atmosphere thick
hhhThe silicon manganese market was operating normally yesterday. The main producing areas in the north and south are very pricey, and the mainstream quotation is around 7,200 yuan/ton. The influence of electricity curtailment in the northern region continues to ferment. The supply of silico-manganese alloys may be further reduced.
Judging from the current construction situation, the overall output this month has shown a downward trend. Part of the output is transferred to Ningxia. Some manufacturers have surplus inventory. Coupled with the support of upstream manganese ore prices, the industry has a strong atmosphere of high prices.
In terms of downstream manganese ore, some miners had a strong sentiment on prices yesterday. External disk prices are supported at a high level. Coupled with the strong downstream alloy prices, miners have low sentiment for low-price shipments. However, there are fewer transactions at high prices in the market. The miners are in an awkward position. The wait-and-see atmosphere is strong.
On the whole, the current long and short information of the manganese series is intertwined. The market enters the wait-and-see period after the steel recruitment. However, the frequent power curtailment policies in the north will affect the production of silico-manganese alloys and the performance of the raw materials and futures markets. There will be no major fluctuations in the short term.