Core Viewpoint - The silicon manganese market is currently characterized by "cost-driven enhancement, increased supply-demand dynamics, and price fluctuations with a wait-and-see attitude" [1] Group 1: Market Dynamics - Cost support for silicon manganese is continuously strengthening [1] - The improvement in the supply-demand structure of silicon manganese itself is limited [1] - As steel procurement gradually unfolds, market sentiment remains cautious [1] Group 2: Price Changes - The price range for silicon manganese 6517 increased from 5350-5500 to 5450-5550 in the northern market and from 5400-5550 to 5550-5650 in the southern market between November 28 and December 6 [2] - The alloy index for silicon manganese 6517 rose from 2555 to 5685 in Hebei region, cash inclusive [2] - Prices for Australian Mn42-43% and Mn45-46% increased from 40.5-43 to 41.5-44.5 at Tianjin Port [2] - Gabonese Mn45% prices rose from 42-43 to 43-44 at Tianjin Port [2] - South African semi-carbonate Mn36-37% prices remained stable at 34.5 at Tianjin Port [2]

Core Viewpoint - The silicon manganese market is experiencing a weak consolidation phase with bearish sentiment, influenced by a downward break in the futures market, leading to lower steel procurement and retail transactions [1] Group 1: Market Trends - The overall market for silicon manganese is under pressure, with expectations of further declines as the end of the month approaches and market participants remain cautious [1] - The cost side shows resilience, but this has increased pressure on the silicon manganese market [1] Group 2: Price Changes - The price of silicon manganese 6517 has decreased from 5500-5550 to 5350-5500 in the northern market and from 5500-5600 to 5400-5550 in the southern market [2] - The Silicon Manganese Alloy Index in Hebei region dropped significantly from 5685 to 2232 [2] - Prices for other manganese products, such as Mn42-43% and Mn45-46%, remained stable with slight fluctuations, indicating a mixed pricing environment [2]

Core Viewpoint - The silicon manganese market remains in a wait-and-see mode, with both bullish and bearish forces competing amid cost support and weak demand, preventing effective price breakthroughs [1] Price Trends - The price of silicon manganese 6517 in the northern market ranges from 5500 to 5600, while in the southern market, it ranges from 2220 to 2620 [1] - The silicon manganese 6517 alloy index in Hebei region is reported at 5735, down from 5765 [1] - Prices for Australian Mn42-43% and Mn45-46% remain stable at 39-41, while Gabonese Mn45% is steady at 40 [1] - South African semi-carbonate Mn36-37% prices are unchanged at 34.5 [1] Market Dynamics - Steel procurement is gradually taking place, with limited price fluctuations and retail transactions showing little progress, awaiting the performance of major steel mills' tenders [1] - The manganese market is characterized by ongoing competition between different market forces, raising questions about when a turning point may occur [1]