On August 17, the spot price of silicomanganese was stable, and the price in the main factory area in Ningxia was between 7,550-7,650 RMB/ton.
Now local production restrictions have become a normal trend. It is reported that the power curtailment situation in Inner Mongolia has eased, and the most severe month-on-month production reduction situation may pass, and the production and demand of silicomanganese will both rebound.
On the upstream side, the actual transaction of ore prices is sluggish, and the willingness of factories to purchase replenishment is not strong.
The short-term silicomanganese spot market may operate smoothly.