Futures market fluctuates upward, waiting for mainstream steel bidding pricing [SMM Manganese Silicon Futures Review]
[SMM Ferromanganese Futures Review: Futures Market Fluctuates Upward, Awaiting Pricing from Major Steel Mills' Bidding] The SM2509 contract opened at 5,560 yuan/mt, fluctuated upward after the morning session, and finally closed at 5,536 yuan/mt, up 0.25%. The daily high was 5,574 yuan/mt, and the low was 5,520 yuan/mt. Trading volume was 161,700 lots, and open interest was 421,834. On the raw material side, ore suppliers have limited room for price concessions, and the manganese ore market remains stable. On the spot side, SiMn spot prices are temporarily stable, with the market adopting a wait-and-see sentiment, awaiting pricing from major steel mills' bidding.
June 17 News: The SM2509 contract opened at 5560, fluctuated upward after the morning session, and finally closed at 5536 yuan/mt, up 0.25%. The daily high was 5574 yuan/mt, and the low was 5520 yuan/mt. Trading volume was 161,700 lots, and open interest was 421,834. On the raw material side, miners have limited room to lower prices, and the manganese ore market remains stable. On the spot side, SiMn spot prices are temporarily stable, with the market adopting a wait-and-see sentiment, waiting for pricing from mainstream steel tenders.
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