September 19 (SMM) - The SM2601 contract opened at 5,970 yuan/mt and closed at 5,964 yuan/mt, down 0.20%. The highest price was 6,012 yuan/mt and the lowest was 5,946 yuan/mt. Trading volume stood at 166,813 lots and open interest at 334,501 lots. Cost side, the manganese ore market remained firm with strong cost support. Supply side, futures fluctuated at highs around 5,990 yuan/mt this week, with most plants still opting to wait and see futures movements. Retail quotations and willingness to sell remained low. Demand side, HBIS Group set its final September SiMn price at 6,000 yuan/mt, up 500 yuan from the first round inquiry price of 5,800 yuan/mt, largely in line with market expectations. Recently, there have been numerous macro front news such as the US Fed interest rate cut and anti-involution meetings. SiMn market sentiment was relatively positive, with prices edging up slightly this week. In the future, manganese ore prices will still need to focus on macro news and SiMn futures trends.
Manganese Silicon Futures Fluctuate Considerably, Market Sentiment Remains Cautious Regarding Shipments [SMM Manganese Silicon Futures Review]
- Sep 19, 2025, at 5:42 pm
September 19 (SMM) - The SM2601 contract opened at 5,970 yuan/mt and closed at 5,964 yuan/mt, down 0.20%. The highest price was 6,012 yuan/mt and the lowest was 5,946 yuan/mt. Trading volume was 166,813 lots and open interest was 334,501 lots. Cost side, the manganese ore market remained firm with strong cost support. Supply side, futures fluctuated at highs around 5,990 yuan/mt this week, and most plants still chose to wait and see the futures movement. Retail quotations and willingness to sell remained low. Demand side, HBIS Group finally set its September SiMn price at 6,000 yuan/mt, up 500 yuan from the first round inquiry price of 5,800 yuan/mt, which was largely in line with market expectations. Recently, there was much macro news such as the US Fed's interest rate cut and the anti-involution meeting. SiMn market sentiment was relatively positive, and prices edged up this week. In the future, manganese ore prices still need to pay attention to macro news and SiMn futures trends.
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