price trend

　　on the 12th, the transaction price of domestic silicomanganese (femn68si18) in the main plant area of ningxia was between 12,000-13,000 rmb/ton.

　　analysis review

　　before the holiday, hbis group’s october bidding price for silicomanganese was finalized, and the market direction became clear. after the holiday, other steel mills used this as a reference to make purchases one after another, and the overall market was basically operating steadily. the spot supply of enterprises is still tight, there is a certain gap in the market, and overall demand may increase significantly.

　　there was news on the 11th that the power restrictions in guangxi and guangdong provinces have been relaxed: guangxi will not have power restrictions within a week, and the site will use electricity normally; some electric furnaces in guangdong are open but there are still staggered production conditions, and the electric furnace plants in guangxi are basically fully open a and the furnace is normally opened for about a week.

　　on the 12th, the price of silicomanganese in ningxia was between 15,000-16,500 rmb/ton, but the transaction price was between 12,000-13,000 rmb/ton.

　　market outlook

　　comprehensive consideration, the short-term domestic spot price of silicomanganese will remain high.