October 17 (SMM) - The SM2601 contract opened at 5,770 yuan/mt and closed at 5,718 yuan/mt, down 0.69%. The highest price was 5,774 yuan/mt and the lowest price was 5,702 yuan/mt. Trading volume was 161,566 lots and open interest was 389,957 lots. Cost side, the coke market was temporarily stable with no price adjustments. The manganese ore market was in the doldrums, with cost support in south China slightly stronger than in the north. Supply side, the spot market was in the doldrums. Alloy plants saw relatively small production fluctuations, and the overall market was dominated by a wait-and-see sentiment. Spot prices were temporarily stable. Demand side, HBIS Group's second round of October SiMn inquiry was 5,800 yuan/mt, while the first round was 5,750 yuan/mt. The September SiMn settlement price was 6,000 yuan/mt. The market awaits price guidance from the steel tenders. Overall, the SiMn market is expected to remain in the doldrums in the near term.
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- Oct 17, 2025, at 3:28 pm
October 17 — The SM2601 contract opened at 5,770 yuan/mt and closed at 5,718 yuan/mt, down 0.69% for the day. The highest price was 5,774 yuan/mt, and the lowest price was 5,702 yuan/mt. Trading volume reached 161,566 lots, and open interest stood at 389,957 lots.
Cost side, the coke market remained temporarily stable with no price adjustments yet. The manganese ore market was in the doldrums, with cost support in south China slightly stronger than in the north.
Supply side, the spot market was in the doldrums. Alloy plants saw relatively small production fluctuations, and the overall market was dominated by a wait-and-see sentiment. Spot prices remained temporarily stable.
Demand side, HBIS Group conducted its second round of SiMn inquiries for October at 5,800 yuan/mt, following the first round at 5,750 yuan/mt. The September SiMn settlement price was 6,000 yuan/mt. The market awaits price guidance from the steel tender settlements.
Overall, the SiMn market is expected to continue its weak and volatile trend in the near term.
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