Silicon Manganese Short-term Market Or Continued Weak Consolidation Operation

In recent days, the silicon manganese spot market has basically maintained a stable and fluctuating trend, affected by the insufficient guidance of steel recruitment, and the retail purchasing customers' willingness to operate is not strong. At the raw material end, yesterday South 32 announced the price of manganese ore in China in December 2023, of which Australian manganese ore reported 4.4 US dollars/ton (↓0.2); South African manganese semicarbonate reported at $3.7 / t (unchanged). Manganese miners' mentality is weak, manganese ore to the port at the end of the month is more concentrated, and the downstream demand is not released well, and the short-term or maintain consolidation trend. The coke market, however, continues to operate weakly. The demand side of the recent production reduction news is more concentrated, but the actual production reduction is less than expected, and the loss of large raw material price pressure sentiment is higher. In the short term, the silicon manganese market or maintain a weak stable trend.