China's silico manganese prices firm amid soft demand

The prices of silico manganese in China remained stable around RMB 6,590 to 6,690/t ($903-$917/t). On an average, about RMB 6,640/t ($910/t). The prices were unchanged from last week with dull demand in the market.

The trading atmosphere stayed average as the factories had less inventory, so there were less transactions that happened that gave an array to the future stability of prices. The cost of making silico manganese has gone up a bit, but that's not a big problem. Overall, things are looking pretty good for the market.

The market for manganese ore, one of the main ingredients, has been stable lately. There was a problem with the railway track in Gabon, but it's been fixed now. This means that the ore can be transported to the port more easily, and the prices will stay strong.

When it comes to the demand for silico manganese, things were poised. The futures market was dull with less purchase of the alloy that made the sellers a bit worried. However, the steel industry is doing better, and they will need more silico manganese soon. So, there is hope for the market to pick up in the future.

Outlook

Overall, the silico manganese market is cautiously optimistic. The cost of making it is still high, with weak demand that indicates that the prices might not go up too much. However, things can change quickly, so market have to wait and see what happens in the short term.