Futures market continues to hold up well, while spot price remains stable for the time being. [SMM Manganese Silicon Futures Review]
[SMM Manganese-Silicon Futures Review: Futures Market Continues to Hold Up Well, Spot Prices Remain Stable] The SM2509 contract opened at 5,858 yuan/mt. After the morning session, it fluctuated rangebound and eventually closed at 5,876 yuan/mt, up 0.17%. The daily high was 5,900 yuan/mt, and the low was 5,826 yuan/mt. Trading volume was 191,490 lots, and open interest was 380,749. Influenced by favourable macro front policies, the SiMn futures market continues to hold up well, driving strong sentiment to stand firm on quotes in the raw material ore sector and among SiMn producers. Currently, the market is mostly in a wait-and-see sentiment, with spot prices remaining stable.
On May 15th: The SM2509 contract opened at 5,858 yuan/mt. After the morning session, it experienced sideways movement and eventually closed at 5,876 yuan/mt, up 0.17%. The daily high was 5,900 yuan/mt, and the low was 5,826 yuan/mt. Trading volume reached 191,490 lots, with open interest at 380,749. Influenced by favourable macro front policies, the SiMn futures market continued to hold up well, driving strong sentiment to stand firm on quotes among raw material ore suppliers and SiMn producers. Currently, the market is predominantly in a wait-and-see sentiment, with spot prices remaining stable for the time being.
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