JungleFeverJackpot| Silicon-manganese: In March 2024, domestic steel mills deliberately lowered the price of silicon-manganese, adding supply pressure

Source Gangtise Investment Research

experts sayJungleFeverJackpotIn March 2024, domestic steel mills deliberately lowered the price of silicon and manganeseJungleFeverJackpotCoupled with supply pressure, many Kuangqu took the initiative to suspend production, and the industry's operating rate dropped to a low level during the year, and Q1 dropped by 4pct month-on-month. At the end of March, the price was as low as 5795 yuan/ton. On May 6, the domestic price of silicon-manganese rose to 7,700 - 7,800 yuan/ton, which was flat year-on-year. In addition, Hegang Group released a bidding plan for silicon and manganese for May on May 9, with a volume of more than 8000 tons. Under normal circumstances, its demand for next month is 15000 tons, and steel mills 'inventories are generally in 5 to 10 days.