Price Of SiMn Increased Greatly Today

Price of SiMn, Mn flakes, Mn lump increased a lot today.

SiMn price increased 30-70$/ton today, while price of Mn flakes and Mn lumps increased 20-30$/ton.

This wave of manganese prices has bottomed out and rebounded. On the one hand, it is driven by the rising prices of manganese ore and manganese alloys. On the other hand, the recent surge in sea freight has led to an increase in centralized procurement of export orders.

In addition, as the May Day holiday approaches, some stocking needs have also been released. It is expected that the market will show a steady and slight rebound in the short term.