Futures market experiences sideways movement, with SiMn spot price remaining stable for the time being [[SMM SiMn Futures Review]]
[SMM Ferrosilicon Futures Review: Futures Market Sideways Movement, SiMn Spot Price Stable] The SM2509 contract opened at 5,746 yuan/mt. After the morning session, it experienced sideways movement and eventually closed at 5,752 yuan/mt, down 0.62%. The daily high was 5,758 yuan/mt, and the low was 5,690 yuan/mt. Trading volume was 209,287 lots, with open interest at 415,119. On the futures side, the SiMn futures market exhibited sideways movement, with the market continuing to be in the doldrums. On the spot side, most SiMn producers had not provided quotes ahead of the holiday. Production in April decreased slightly, and the spot price remained stable.
April 30 news: The SM2509 contract opened at 5,746 yuan/mt. After the morning session, it experienced sideways movement and eventually closed at 5,752 yuan/mt, down 0.62%. The daily high was 5,758 yuan/mt, and the low was 5,690 yuan/mt. Trading volume was 209,287 lots, and open interest was 415,119. On the futures side, the SiMn futures market saw sideways movement, with the market continuing to be in the doldrums. On the spot side, most SiMn producers did not provide quotes before the holiday. Production in April decreased slightly, and spot prices remained stable.
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