The Price Of Silicon Manganese Alloy in December

Most of the market holds a bullish attitude towards the price of silicon manganese alloy in December. The main reason is that miners are in a strong mood to stick to their quotations, which is expected to push up the spot price of manganese ore, thereby increasing the production cost of silicon manganese alloy and providing strong cost support. In addition, downstream steel mills are expected to enter the winter stocking period before the end of the year, driving the demand for silicon manganese alloy to pick up. Overall, supported by costs and downstream demand, the price of silicon manganese alloy is expected to fluctuate upward.

Some market participants are pessimistic about the future market price, believing that the demand for terminal silicon manganese alloy is weak. At present, the steel industry is in the off-season, and steel mills are still cautious in purchasing. Near the end of the year, traders are mainly engaged in spot transactions, and their willingness to stock up is not strong. The demand side support is not strong, and the price of silicon manganese alloy is expected to fluctuate downward.

A few participants believe that the price may remain in a range of fluctuations. At present, the supply of silicon manganese alloy is still at a high level. Although downstream steel mills are expected to actively stock up to prepare for winter demand, the weak demand for terminal steel may limit the incremental pull of winter stocking on silicon manganese alloy. On the whole, under the situation of supply and demand tug-of-war, it is expected that the price of silicon manganese alloy will remain in a range of fluctuations.