- Stable ore supply, rising costs keep prices supported
- Improving stainless demand supports steady procurement
CBC: Chinese silico manganese prices (Mn 65%, Si 17%) inched up by RMB 120/t ($17/t) w-o-w to RMB 5,570-5,840/t ($788 – 826/t) exw, inclusive of taxes.
Silico manganese prices inched up over the week, driven by stable raw material supply, rising production costs, and consistent buying from alloy producers. Improving stainless steel demand, together with growing consumption from the new energy and infrastructure sectors, continued to support overall market sentiment.
Market updates
Raw material market trends
Manganese ore supplies remained stable, but slower arrivals caused by international logistics disruptions added support to silico manganese production costs. With energy, electricity, and auxiliary material costs rising, producers faced tighter margins and showed a stronger tendency to raise prices.
Recent reports indicated that a major overseas supplier had suspended certain export licenses due to policy changes, raising concerns over raw material availability, though the actual impact appeared limited.
Downstream market trends
Demand from the downstream stainless steel industry recovered moderately, alloy enterprises maintained high operating rates, and the rigid procurement demand for silico manganese remained stable Rising demand for new energy vehicles and energy storage systems further boosted the use of silico manganese-based materials, providing long-term support.
Ongoing infrastructure investment supported steel demand and indirectly strengthened silico manganese consumption.
Outlook
Silico manganese prices are expected to remain stable in the short term, as constrained supply and steady demand from the stainless steel and new energy sectors will likely support the market.
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