SMM

[SMM SiMn Alloy Futures Review: Mainstream Steel Tender Pricing, Market Participants Mostly Hold a Wait-and-See Attitude] The SM2505 contract opened at 6,418 yuan/mt, fluctuated downward after the morning session, and finally closed at 6,396 yuan/mt, down 0.34%. The daily high was 6,418 yuan/mt, and the low was 6,344 yuan/mt. Trading volume was 316,909 lots, and open interest was 460,259 lots. Raw material side, miners mostly held a wait-and-see attitude at the beginning of the week, with overall willingness to offer remaining weak, and manganese ore spot prices remained stable. Spot side, SiMn alloy plants mostly held back from selling, while some holders slightly lowered their offers. Downstream steel mills are waiting for mainstream steel tender pricing.