Wait and see that the steel recruitment is clear and the market is weak and stable operation

Mondo Finance Updated on 2024-02-27

At the beginning of the week, the silicon-manganese market continued to maintain a weak and stable state. In terms of disk performance, the main contract 6300 line has strong support, and the spot factory**, the 6000 line in the northern region is relatively firm. At present, the mainstream of the northern market is still in the range of 6000-6100 yuan tons, and the south is 6250-6300 yuan tons. Although factories said that costs have moved up and production pressure is greater, there are still some low prices emerging in the market, but they have not yet become the mainstream. Most factories are still relatively strong. At present, there are transactions in the range of 5950-6050 yuan tons in the north, and a small number of transactions in the south in the range of 6150-6250 yuan tons.

At the beginning of the week, the manganese ore market was temporarily stable, the contraction of manganese semi-carbonate ore in South Africa intensified, and manganese miners maintained a firm posture. The mainstream of Tianjin Port is 35-36 yuan tonnage, and Qinzhou Port still has a certain wait-and-see mood. The port is concerned about the rise of oxide manganese ore. The strong sentiment of manganese ore is obvious, but the progress of the transaction is still restricted by the alloy ** and the transaction, and the acceptance of the factory after the price increase of manganese ore is average, and it has not entered the intensive period of procurement for the time being.

At present, some domestic steel moves have kicked off, and the performance in East China is more positive, but steel mills have also revealed that the number of inventory days has increased, and the delivery time has been extended, which has suppressed the alloy **. Considering all factors, it is expected that silicon-manganese** will still be weak and stable in March, and the space for downward consolidation is also relatively limited.

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