The Trend Of Silicon Manganese in November

Most market participants are bearish on the price of silicon manganese alloy in November.

Most traders expect the price to fall in the future, mainly because the prices of raw materials such as coke and manganese ore are expected to fall in November, resulting in a decrease in the production cost of silicon manganese alloy and a weakening of cost support.

In addition, the output of silicon manganese alloy is expected to remain relatively stable, but terminal consumption is weak, resulting in cautious purchases of silicon manganese alloy. Overall, the current oversupply situation in the silicon manganese alloy market has not improved, which has a negative impact on the spot market. It is expected that the price of silicon manganese alloy will continue to fluctuate downward in the future.

On the other hand, some traders are optimistic about the price in the future, mainly because the production cost of silicon manganese alloy factories is high, most factories are still in a loss-making state, and the willingness to ship at low prices is not strong, and the silicon manganese alloy holders offer strong quotations.