Ferroalloy Market Update 11.28

28/11/2024
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  • Ferro Silicon: Ferro silicon prices remain generally stable with slight downward adjustments. Overall, demand recovery is still relatively slow. As the month-end approaches, the market atmosphere is dominated by cautious observation.
  • Magnesium Metal: The domestic magnesium metal market continues to move weakly and steadily, with no significant signs of fluctuation. While many magnesium producers have stabilized their low-price quotes, demand release remains disappointing. The market lacks notable positive factors, and the weak situation is unlikely to change in the short term.
  • Silicon Metal: Recent market trends show slight weakening with mild price declines, but the overall drop remains limited. The stalemate and bargaining between supply and demand continue, with the market maintaining a wait-and-see sentiment as it anticipates future demand recovery.
  • Electrolytic Manganese: The electrolytic manganese market remains predominantly stable. Although there has been a slight rebound in prices during the week, the overall increase is limited. The price rise is primarily driven by market sentiment, confidence, and speculative factors, while the fundamental supply-demand balance has not shown any significant changes.
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