Market sentiment for SiMn is positive, with spot prices rising slightly [SMM SiMn Futures Review]
[SMM Ferrosilicon-Manganese Futures Review: Market Sentiment Improves in SiMn Market, Spot Prices Rise Slightly] The SM2509 contract opened at 5,842 yuan/mt, fluctuated downward after the morning session, and eventually closed at 5,810 yuan/mt, down 0.62%. The daily high was 5,888 yuan/mt, and the low was 5,770 yuan/mt. Trading volume was 248,880 lots, and open interest was 386,757. Affected by favourable macro front policies, the market sentiment in the manganese alloy sector improved, with strong sentiment to stand firm on quotes among SiMn producers, leading to a slight increase in quoted prices. It is still necessary to monitor the actual procurement changes of downstream steel mills in the future.
On May 13th: The SM2509 contract opened at 5,842 yuan/mt, fluctuated downward after the morning session, and finally closed at 5,810 yuan/mt, down 0.62%. The daily high was 5,888 yuan/mt, and the low was 5,770 yuan/mt. Trading volume was 248,880 lots, and open interest was 386,757. Affected by favourable macro front policies, the market sentiment in the manganese alloy sector improved, with strong sentiment to stand firm on quotes among SiMn producers, leading to a slight increase in quoted prices. It is still necessary to monitor the actual procurement changes of downstream steel mills in the future market.
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