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  Limited increase in SiMn demand, spot price struggles to rise [SMM Manganese Ore Daily Review]

  [SMM Manganese Ore Daily Review] Limited Increase in SiMn Demand, Spot Prices Struggle to Rise Demand side, the supply surplus in the SiMn market has not been effectively improved. The increase in demand for SiMn from steel mills is limited, and SiMn inventory levels in both the south and north remain high. Downstream demand for SiMn is weak, with alloy plants mostly driving down prices when purchasing manganese ore, creating significant resistance to upward movement in manganese ore prices.

• Center of aluminum price pulls back, with limited recovery in market transactions [SMM Spot Aluminum Midday Review]

  [SMM Spot Aluminum Midday Review: Aluminum Price Center Pulls Back, Market Transaction Recovery Limited] SMM News on June 24: In the morning session, the center of the front-month contract for SHFE aluminum fell to around 20,350 yuan/mt. The futures market dropped back slightly, with increased market inquiries, but actual transactions were still centered around long-term contracts. The spot market remained sluggish, with transactions occurring at a discount of 10 yuan/mt against SMM. Today, SMM A00 aluminum was quoted at 20,540 yuan/mt, down 110 yuan/mt from the previous trading day, with a premium of 150 yuan/mt against the July contract, down 10 yuan/mt from the previous trading day.

• With Steel Mills' Profit of 100 Yuan per Ton and Low Inventory Levels, the Impact from Construction Steel Maintenance May Continue to Decline

  According to the SMM survey, the impact from maintenance on construction steel declined slightly this week (6.21-6.27). Multiple steel mills resumed production on their construction steel rolling lines that were under maintenance last week or this week, resulting in an impact from maintenance on construction steel of 1.2689 million mt this week, down 8,800 mt WoW.

• Aluminum prices continue to decline, with a clear mindset of refusing to budge on prices in Jiangxi region [Daily Review of Aluminum Scrap]

• Import and Export Data for Battery Materials in May Released: Lithium Carbonate Imports Decline Both YoY and MoM, but May Remain High in the Future? [SMM Special Topic]