Futures showed weak fluctuations, with SiMn prices stabilizing at the beginning of the week [SMM SiMn Futures Review]
On September 1, the SM2601 contract opened at 5,750 yuan/mt and closed at 5,736 yuan/mt, down 0.97%. The highest price reached 5,754 yuan/mt, while the lowest was 5,680 yuan/mt. Trading volume stood at 189,469 lots, with open interest at 334,555 lots. Today, the futures maintained a fluctuating trend. At the beginning of the week, the SiMn market exhibited strong wait-and-see sentiment, with alloy plants reluctant to offer prices, while spot SiMn alloy prices remained stable. Cost side, manganese ore and coke prices stayed at relatively high levels, providing continued cost support. Currently, the SiMn market is in the doldrums.
Sept 1 (SMM) - The SM2601 contract opened at 5,750 yuan/mt and closed at 5,736 yuan/mt, down 0.97%. The highest price stood at 5,754 yuan/mt while the lowest touched 5,680 yuan/mt. Trading volume reached 189,469 lots with open interest at 334,555 lots. The futures maintained fluctuating trend today. At the beginning of the week, the SiMn market saw strong wait-and-see sentiment with alloy plants reluctant to offer, keeping spot SiMn alloy prices stable. Cost side, manganese ore and coke prices remained at relatively high levels, continuing to provide cost support. The current SiMn market operated in the doldrums.
