Silicon-manganese market shows a slight upward trend, with cost support driving spot prices higher.

2026-03-28 07:51:21

The silicon-manganese market is primarily volatile, with the main contract for ferrosilicon showing strong performance in the morning session, pushing futures above 6700 before retreating. On the production side, both mineral prices and coke prices are rising, providing strong support for alloy costs and driving up spot prices. In terms of steel procurement, some steel mills are purchasing at prices above 6300 yuan/ton. It is expected that in the short term, silicon-manganese prices will experience a relatively strong fluctuation driven by the mineral market. (Mysteel)

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