Demand Remains Persistently Weak, Market Moves Sideways at Low Levels [SMM SiMn Weekly Review]

As of this Friday, SiMn 6517 (cash) in north China was at 5,700-5,750 yuan/mt, up WoW from last Friday; SiMn 6517 (cash) in south China was at 5,750-5,800 yuan/mt, up WoW from last Friday, and SiMn 6014 (cash) in south China was at 5,350-5,450 yuan/mt, flat WoW from last Friday. Recently, SiMn futures moved sideways in a narrow range with a weak tone, market sentiment was heavily bearish, market prices consolidated at lows, and futures and spot prices were basically in sync.