In terms of silicon manganese, black commodities weakened yesterday, and the main contract of silicon manganese fell 0.43% to close at 6416 yuan/ton. Spot end, recently South Africa's fourth largest manganese miner UMK announced in response to the current deteriorating market environment, weak demand, will be manganese mine production, while reducing ore sales, raw material end or will support manganese ore prices. At the same time, the price of chemical coke has been reduced, the cost has fluctuated significantly, the restriction of electricity consumption in the main producing areas has been alleviated, and the output has increased. The first round of inquiry of silicon manganese in February is 6450 yuan/ton, and the price of silicon manganese in December is 6550 yuan/ton. (January 2023 pricing 7700 yuan/ton, February pricing: 7650 yuan/ton). Some steel mills in the north have a production volume of one and a half months, and the other part is affected by their own maintenance, and the purchase increment is limited, and the overall winter storage signal release is not obvious.
Ferrosilicon, yesterday the ferrosilicon market fell, the main contract futures 2403 closed down 0.85%, closing at 6772 yuan/ton. At the spot end, the overall supply of the market has not been reduced, the cost end has declined to weaken the price support, the main producing areas 72 iron silicon natural block cash including tax factory 6400-6600 yuan/ton, 75 iron silicon natural block 7000-7200 yuan/ton. In the short term, while the cost is falling, the contradiction between supply and demand has not been alleviated, the current winter storage is not expected to be strong, the ferrosilicon market is running in shock, and the long-term focus is on the impact of steel and power constraints.
