Ann: 30 June 2022 Quarterly Market Update, page-10

What is most important for OMH now is ramping up production which will happen over the next 6 months.
The prices that OMH receives is still good when compared to their costs. Other smelters are already struggling with Chinese smelters planning to close 60% of production due to high power costs and negative earnings.

"in terms of ferrosilicon , affected by the rise in futures prices, combined with the recent increase in factory shutdown and production reduction, the factory's price support sentiment has risen. The latest understanding is that today's ferrosilicon 72# market price is adjusted to around 7600-7800 yuan/ton."

"Under the circumstance that ferrosilicon enterprises actively reduce load and stop production, the current market low-priced resources have decreased, but the specific transaction The development needs to wait and see the further clarification of the bidding of steel mills."

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　The Guangxi silico-manganese market is running weakly, with many production cuts and shutdowns, market prices are chaotic, shipments are low, and manufacturers have some inventory. The price of silico-manganese 6517 is 7250-7350 yuan/ton, including tax, and some manufacturers have higher shipments. Silicon manganese 6014 is 6400-6500 yuan / ton including tax when it leaves the factory in cash. Some manufacturers may have plans to stop production at the end of the month.
　　The Yunnan silico-manganese market is in normal production, the manufacturers do not ship, there is a certain amount of inventory, the overall low price is not available, and the electricity bill has obvious advantages. Guizhou silico-manganese market has stopped production a lot. At present, only a few are in production, and small factories are basically out of stock."