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Futures fluctuated rangebound, while SiMn prices edged down [SMM SiMn Futures Review]
Sep 02, 2025, at 3:51 pm
September 2: The SM2601 contract opened at 5,750 yuan/mt and closed at 5,744 yuan/mt, up 0.49%. The highest price was 5,774 yuan/mt, and the lowest was 5,722 yuan/mt. Trading volume reached 151,339 lots, with open interest at 333,714 lots. The futures fluctuated rangebound today. Affected by the recent low-range fluctuations in SiMn futures, spot SiMn prices edged down slightly. Cost side, manganese ore prices stabilized; the eighth round of coke price increases failed to materialize, pending the outcome of negotiations between coking and steel enterprises. The current SiMn market remains volatile.
September 2 news: The SM2601 contract opened at 5,750 yuan/mt and finally closed at 5,744 yuan/mt, up 0.49%, with the highest price at 5,774 yuan/mt and the lowest at 5,722 yuan/mt. Trading volume reached 151,339 lots, while open interest stood at 333,714 lots. Today, futures fluctuated rangebound. Affected by the recent SiMn futures fluctuating at lows, spot SiMn prices edged down slightly today. Cost side, manganese ore prices stabilized; the eighth round of coke increase failed to materialize, pending the outcome of negotiations between coking and steel enterprises. Currently, the SiMn market is operating with fluctuations.
