Jin Tou Wang·2025-06-04 08:27Core Viewpoint - The manganese silicon futures market has shown a significant increase, with the main contract rising by 2.12% to 5502.00 CNY/ton [1] Group 1: Market Supply and Demand - A certain group has announced its latest silicon manganese procurement, with prices at 5400 CNY/ton for 500 tons delivered to Anhui and 5550 CNY/ton for 500 tons delivered to Yunfu, both prices are cash inclusive and tax included [2] - The inventory of manganese ore at Tianjin Port was reported at 3.129 million tons, a decrease of 117,000 tons week-on-week; Lianyungang Port had 5,000 tons, and Qinzhou Port had 936,000 tons, a decrease of 18,000 tons week-on-week, totaling 4.07 million tons, down 135,000 tons from the previous period [2] Group 2: Industry Insights - According to Ruida Futures, manufacturers have reduced production, leading to a low operating rate, but overall inventory remains high. The imported manganese ore inventory at ports has decreased by 135,000 tons, while downstream pig iron production has peaked and is now declining, indicating potential price volatility [3] - Guotou Anxin Futures noted that after a significant price drop, there has been a rebound. However, the basic improvement is limited as production levels are starting to rise again, and manganese ore inventory is expected to trend upwards, leading to a weak price outlook [3]