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The futures market fluctuated, while spot prices showed an upward trend [SMM Manganese-Silicon Futures Review]
Jul 23, 2025, at 5:39 pm
The SM2509 contract opened at 6,044 yuan/mt and closed at 5,938 yuan/mt, with a decline of 0.37%. The daily high was 6,070 yuan/mt and the low was 5,842 yuan/mt. Trading volume reached 410,438 lots, and open interest stood at 333,953 lots. Driven by the ferrous metals series futures market, the recent SiMn futures market has fluctuated around 6,000 yuan/mt, with high market sentiment. Recently, SiMn has been supported by strong cost factors, and the SiMn futures market has fluctuated at highs. With these two favorable factors, the spot price of SiMn has shown an upward trend.
July 23rd News: The SM2509 contract opened at 6044 yuan/mt and closed at 5938 yuan/mt, down by 0.37%. The daily high was 6070 yuan/mt and the low was 5842 yuan/mt. Trading volume was 410,438 lots, and open interest was 333,953 lots. Driven by the ferrous metals series futures market, the manganese-silicon futures market has been oscillating around 6000 yuan/mt recently, with high market sentiment. Recently, the cost support for SiMn has been strong, and the SiMn futures market has been fluctuating at highs. With these two favorable factors, the spot price of SiMn has shown an upward trend.
