SiMn futures fluctuate downward, while the SiMn market consolidates at a high level [SMM SiMn futures review]
The SM2509 contract opened at 6,074 yuan/mt and closed at 6,050 yuan/mt, with a decline of 1.08%. The daily highest price was 6,106 yuan/mt and the lowest price was 6,014 yuan/mt. Cost side, the spot prices of manganese ore, coke, and manganese-rich slag all rose, providing strong cost support for SiMn alloy. Spot side, the SiMn market remained in a high consolidation phase, with the spot price of SiMn stabilizing today. Futures side, the SiMn futures fluctuated downward today, with increased bearish sentiment in the market, but the overall atmosphere remained positive. Demand side, HBIS's pricing was at a standstill, and attention should be paid to the guiding role of steel mill tender pricing on SiMn prices.
On August 14th: The SM2509 contract opened at 6,074 yuan/mt and closed at 6,050 yuan/mt, down 1.08%, with a daily highest price of 6,106 yuan/mt and a lowest price of 6,014 yuan/mt. On the cost side, the immediate prices of manganese ore, coke, and manganese-rich slag all rose, providing strong cost support for SiMn alloy. On the spot side, the SiMn market remained in a high consolidation phase, with spot SiMn prices stabilizing today. On the futures side, the SiMn futures fluctuated downward today, with increased bearish sentiment in the market, though the overall atmosphere remained relatively positive. On the demand side, HBIS's pricing was at a standstill, and attention should be paid to the guiding role of steel mills' tender pricing on SiMn prices.
