Jan 09, 2024 Leave a message

Steel Recruitment Game Is Difficult To Determine Silicon Manganese Below Expectations

At the beginning of the week, the spot market of silicon manganese is weak, the mainstream steel recruitment in the north is difficult to promote, the price sentiment of manufacturers is not reduced, and the market low price supply has increased slightly. Silicon manganese qualified block cash including tax self-withdrawal Northern mainstream price 6200-6250 yuan/ton, southern mainstream reported 6280-6380 yuan/ton, Henan tax excluding 5700-5750 yuan/ton excluding tax.

Futures end, silicon manganese plate range oscillation, the trend is more tangled, the main 03 contract closed 6342, the range of -0.97%, down 62, a single day increase 27001 hands;

At the manufacturer's end, individual factories in Inner Mongolia have received a notice to restrict electricity consumption, and the load is expected to be slightly reduced. Recently, individual furnaces in Ningxia have resumed production, and the output is limited. Last week's operating rate (capacity utilization rate) 55.28% of the country, an increase of 3.25% over the previous week; The average daily output is 29,795 tons, an increase of 1,000 tons.

Demand side, steel mill pressure price sentiment is strong, the current round of winter storage and replenment of the general situation, North China's large steel prices have not been finally settled, supply and demand game stalemate.

On the whole, the basic operation of silicon manganese is more tangled, manganese ore outboard quotation has stopped falling, and the internal price has been obvious, but the spot price of silicon manganese is not satisfactory, and the manufacturer has ushered in a wave of more severe challenges. Short-term silicon manganese to maintain the disk surface weak operation.

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