The cost side restricts the decline of manganese silicon, the space below is limited, and interval oscillation is the main one

Golden ten futures on June 6th news, according to Everbright futures analysis, on Wednesday, the main contract of manganese silicon fell 1.86%, closing 8324 yuan/ton, Ningxia cash market price of 8100 yuan/ton, down 100 yuan/ton from the previous day. Manganese silicon futures price decline narrowed, the spot fluctuation is relatively small. Steel prices cut, the market tends to be cautious, the cost side of the support is strong. Fundamentally, with the recent manganese silicon price center of gravity shift, manganese silicon production spot profits continue to expand, enterprises are more willing to resume production, the start rate increased month-on-month, downstream molten iron production growth slowed down, demand side support declined. However, the raw material cost support is strong, the port manganese ore price is still very strong, the cost side restricts the decline of manganese silicon, the lower space is limited, and the range fluctuation is the main one. Continue to pay attention to manganese ore, start-up and inventory performance.