September 3 (SMM) - The SM2601 contract opened at 5,766 yuan/mt and closed at 5,732 yuan/mt, down 0.28%. The highest price was 5,772 yuan/mt, while the lowest was 5,720 yuan/mt. Trading volume reached 102,788 lots, with open interest at 336,722 lots. The futures fluctuated downward today, and market sentiment for SiMn remained bearish. Cost side, manganese ore prices stabilized. The eighth round of coke price increase failed to materialize, pending the outcome of negotiations between coke and steel enterprises. Supply side, current plant operations showed relatively small fluctuations, but losses occurred. If futures continue to fluctuate at lows, production cuts by plants may follow.
SiMn futures fluctuated downward, with insufficient upward momentum for SiMn prices [SMM SiMn Futures Review]
- Sep 03, 2025, at 5:29 pm
September 3: The SM2601 contract opened at 5,766 yuan/mt and closed at 5,732 yuan/mt, down 0.28%. The highest price reached 5,772 yuan/mt, while the lowest was 5,720 yuan/mt. Trading volume stood at 102,788 lots, with open interest at 336,722 lots. During the daytime session, futures fluctuated downward, and market sentiment for SiMn remained bearish. Cost side, manganese ore prices stabilized; the eighth round of coke price increases failed to materialize, pending negotiations between coking plants and steel mills. Supply side, current plant operations showed relatively small fluctuations, but losses occurred. If futures continue to fluctuate at lows, production cuts by plants may follow.
