SiMn futures fluctuate downward, SiMn market stabilizes temporarily [SMM SiMn Futures Review]
On August 19, the SM2509 contract opened at 5,996 and finally closed at 5,842 yuan/mt, down 2.92%, with the highest price of the day at 6,012 yuan/mt and the lowest price at 5,780 yuan/mt. The trading volume was 193,093 lots, and the open interest was 114,885 lots. Cost side, the spot prices of manganese ore, coke, and manganese-rich slag remained firm, providing strong cost support for SiMn alloy. Spot side, the spot price of SiMn stabilized today. Futures side, the SiMn futures price fluctuated downward today. Demand side, HBIS raised its pricing, and the market sentiment for SiMn was relatively positive.
On August 19, the SM2509 contract opened at 5,996 and finally closed at 5,842 yuan/mt, a decrease of 2.92%, with the highest price of the day at 6,012 yuan/mt and the lowest price at 5,780 yuan/mt. The trading volume was 193,093 lots, and the open interest was 114,885 lots. Cost side, the spot prices of manganese ore, coke, and manganese-rich slag were firm, providing strong cost support for SiMn alloy. Spot side, the spot price of SiMn stabilized today. Futures side, the SiMn futures price fluctuated downward today. Demand side, HBIS raised its pricing, and the market sentiment for SiMn was relatively positive.
