The futures market held up well, and the spot market remained stable. [SMM Manganese Silicon Futures Review]
SMM SiMn Futures Review: Futures Market Holds Up Well, Spot Market Remains Stable. The SM2509 contract opened at 5,910 yuan/mt, fluctuated rangebound in the morning session, and finally closed at 5,920 yuan/mt, up 0.44%. The daily high was 5,942 yuan/mt, and the low was 5,894 yuan/mt. The trading volume was 136,591, and the open interest was 325,213. At the beginning of the week, the futures market held up well, while the spot market mostly maintained a wait-and-see sentiment. Currently, the SiMn market still lacks positive factors, and spot prices struggle to rise.
April 21: The SM2509 contract opened at 5,910 yuan/mt, fluctuated rangebound after the morning session, and finally closed at 5,920 yuan/mt, up 0.44%. The daily high was 5,942 yuan/mt, and the low was 5,894 yuan/mt. The trading volume was 136,591 lots, and the open interest was 325,213. At the beginning of the week, the futures market held up well, while the spot market mostly maintained a wait-and-see sentiment. Currently, the SiMn market still lacks positive factors, and spot prices struggle to rise.
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