Double Silicon Prices Strengthen, Spot Prices Rise Slightly

Manganese silicon: The spot market has seen a slight overall increase in quotations. Recently, the manganese silicon market has been boosted by rising prices in the black coal and coke sectors, gradually strengthening. Manufacturers have regained their bullish sentiment and have raised their quotations. Low-priced resources in the market are gradually moving toward higher price levels. A major steel group in Hebei Province has tendered for 16,100 tons of manganese silicon, an increase of 1,500 tons compared to July. Mainstream steel tenders have begun, and manufacturers face limited inventory pressure, leading to a stronger willingness to maintain prices. Downstream inquiries remain active, with most parties awaiting pricing guidance from steel tenders. On the cost side, the port manganese ore market has largely stabilized with a focus on price support. Coke prices have recently risen again, with current costs gradually increasing. Boosted by improved downstream market conditions, manganese ore traders are showing strong support for prices. Given the continued strength of the manganese ore spot market, low-end resources at ports are being held back. Downstream inquiries and transactions are gradually improving.
Silicon iron: Spot market quotes have been adjusted slightly upward. Recently, driven by the significant strengthening of coking coal and coke prices, silicon iron futures have continued to strengthen. Low-priced resources in the market are gradually decreasing, and manufacturers' bullish sentiment has resurfaced, with quotes gradually rising. Hebei Iron & Steel Group has issued an August 75B silicon iron tender notice, with a volume of 2,835 tons, an increase of 135 tons from July. During the steel procurement pricing period, manufacturers' inventory pressure is not significant, and the market's price-supporting sentiment is evident. Downstream inquiries remain active, with most purchases made on an as-needed basis. The market is awaiting pricing guidance from major steel tenders. While industry profits have continued to improve recently, there are signs of a slight recovery in supply, but overall downstream demand has not seen a significant boost. Given the steady upward trend in the coke market, cost-side support remains strong. Overall, the current short-term market is significantly influenced by macroeconomic factors and effects from related industrial products. It is expected that the market will continue to focus on stabilizing prices in the short term.