September 18 news: The SM2601 contract opened at 5,970 yuan/mt and closed at 5,970 yuan/mt, up 0.24%. The highest price of the day was 6,026 yuan/mt, and the lowest price was 5,922 yuan/mt. Trading volume was 246,049 lots, and open interest was 335,397 lots. Cost side, the manganese ore market remained firm, with strong cost support. Supply side, futures fluctuated this week, with prices higher than in the previous period, boosting sentiment in both the futures and spot markets. However, due to procurement negotiations with HBIS and the delayed pricing announcement, the wait-and-see sentiment in the market has not diminished. Current SiMn market offers remain hesitant, awaiting the final pricing guidance from HBIS.
Manganese Silicon Futures Fluctuated, Market Sentiment in Both Spot and Futures Markets Remained Warm [SMM Manganese Silicon Futures Review]
- Sep 18, 2025, at 5:38 pm
September 18: The SM2601 contract opened at 5,970 yuan/mt and closed at 5,970 yuan/mt, up 0.24%. The daily highest price was 6,026 yuan/mt, and the lowest price was 5,922 yuan/mt. Trading volume was 246,049 lots, and open interest was 335,397 lots. Cost side, the manganese ore market remained firm, providing strong cost support. Supply side, futures fluctuated this week, with prices higher than in the previous period, boosting sentiment in both the futures and spot markets. However, due to ongoing procurement negotiations with HBIS and the delayed release of final prices, the wait-and-see sentiment in the market persisted. Current SiMn market offers remained hesitant, awaiting guidance from HBIS's final pricing decision.
