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Today (February 6, 2025), the price of silicon manganese in The ZCE Future suddenly surged. The main reasons can be analyzed from the following aspects:

Jupiter Mines Q2 FY2025 Quarterly Activities Report Invitation forThe 21st China Ferro-Alloys International Conference

Ferrosilicon Market Continues Consolidating as Chinese New Year Approaching | Jan 20-24, 2025.

The contraction on the supply side caused by reduced production was difficult to compete with the further weakness on the demand side as the off-season deepened.

In the traditional off-season, factory inventory pressure was not high, overall supply was stable, but the demand remained low.

China's steel demand may decrease to 850m tons

Global molybdenum production and use rises in Q3 2024 Invitation forThe 21st China Ferro-Alloys International Conference

Australia's iron ore export earnings are forecast to decline to A$108 billion in 2024-25 from A$138 billion in 2023-24 and to A$96 billion in 2025-26