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As downstream construction projects resume, the demand side may experience a wave of release.

“Green power is taking a more prominent role in energy supply, overshadowing high energy-consuming facilities, so the development of green ferro-alloys will continue to be supported.”

But for the future trend, the atmosphere of cautious observation is still quite strong.

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.