Futures market fluctuates upward, with SiMn spot price remaining stable for now [[SMM SiMn Futures Review]]
[SMM Manganese-Silicon Futures Review: Futures Market Fluctuates Upward, SiMn Spot Price Remains Stable] The SM2509 contract opened at 5,566 yuan/mt, fluctuated upward after the morning session, and eventually closed at 5,758 yuan/mt, up 2.53%. The daily high was 5,786 yuan/mt, and the low was 5,552 yuan/mt. Trading volume was 374,215 lots, and open interest was 412,745. Currently, the SiMn market remains in a wait-and-see mood, with most SiMn plants having no production resumption plans for the time being. Idled SiMn plants are mainly selling their inventory. Market participants are mostly waiting for the guidance of mainstream steel tenders on future price trends.
On May 8th: The SM2509 contract opened at 5,566 yuan/mt, fluctuated upward after the morning session, and eventually closed at 5,758 yuan/mt, marking a 2.53% increase. The daily high was 5,786 yuan/mt, and the low was 5,552 yuan/mt. Trading volume reached 374,215 lots, with open interest at 412,745. Currently, the SiMn market remains in a wait-and-see mood, with most SiMn plants having no production resumption plans for the time being. Those that have halted production are mainly selling their inventory. Market participants are mostly waiting for the guidance of mainstream steel tenders on future price trends.
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