Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the content. 2. Core Viewpoints No core viewpoints are presented in the given content. 3. Summary by Relevant Catalogs Futures Contracts - BU主力合约价格从7月23日的3594降至8月21日的3465，日度变化为11，周度变化为 -38 [4] - BU06价格从3391变为3342，日度变化27，周度变化4 [4] - BU09价格从3594变为3496，日度变化3，周度变化 -38 [4] - BU12价格从3460变为3373，日度变化19，周度变化 -33 [4] - BU03价格从3406变为3340，日度变化20，周度变化0 [4] Trading Volume and Open Interest - 成交量从7月23日的300486变为8月21日的194917，日度变化 -27620，周度变化18196 [4] - 持仓量从459411变为424013，日度变化 -5954，周度变化 -20467 [4] - 合计从42950变为30940，日度变化 -200，周度变化 -1100 [4] Market Prices - 山东市场价从3845变为3510，日度变化 -20，周度变化 -130 [4] - 华东市场价从3780变为3720，日度变化0，周度变化 -10 [4] - 华南市场价从3590变为3490，日度变化 -20，周度变化 -40 [4] - 华北市场价从3730变为3660，日度变化 -10，周度变化 -30 [4] - 东北市场价维持3880，日度和周度变化均为0 [4] Spot Prices - 京博 (海韵) 价格维持3670，日度和周度变化均为0 [4] - 露海(鑫渤海) 价格从3730变为3660，日度变化 -10，周度变化 -30 [4] Basis and Calendar Spreads - 山东 - 华东价差从 -90变为 -210，日度变化 -20，周度变化 -120 [4] - 山东 - 东北价差从 -85变为 -370，日度变化 -20，周度变化 -130 [4] - 华东 - 华南价差从190变为230，日度变化20，周度变化30 [4] - 山东基差从251变为45，日度变化 -31，周度变化 -92 [4] - 华东基差从186变为256，日度变化 -11，周度变化28 [4] - 华南基差从 -4变为25，日度变化 -31，周度变化 -2 [4] - 03 - 06月差从15变为 -2，日度变化 -7，周度变化 -4 [4] - 06 - 09月差从 -203变为 -154，日度变化24，周度变化42 [4] - 09 - 12月差从134变为123，日度变化 -16，周度变化 -5 [4] - 12 - 03月差从54变为33，日度变化 -1，周度变化 -33 [4] - 连一 - 连二月差从36变为42，日度变化 -8，周度变化11 [4] Crack Spreads and Profits - 沥青Brent裂差从30变为74（部分数据缺失） [4] - 沥青马瑞利润从 -42变为 -1（部分数据缺失） [4] - 普通炼厂综合利润从447变为496（部分数据缺失） [4] - 马瑞型炼厂综合利润从724变为762（部分数据缺失） [4] - 进口利润(韩国 - 华东) 从 -52变为 -131，日度变化0，周度变化 -5 [4] - 进口利润（新加坡 - 华南）从 -962变为 -1058，日度变化 -18，周度变化 -31 [4] Related Prices - Brent原油价格从68.6变为66.8，日度变化1.1，周度变化0.0 [4] - 汽油山东市场价从7799变为7655，日度变化7，周度变化 -77 [4] - 柴油山东市场价从6562变为6516，日度变化12，周度变化 -46 [4] - 渣油山东市场价维持3660，日度变化0，周度变化30 [4]

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View - No explicit core view presented in the provided text. 3. Summary by Related Catalogs Spot Market - **Australian Iron Ore**: Newman powder price is 766, up 2 from the previous day and down 1 for the week; PB powder is 769, up 2 and down 2; Macfarlane powder is 755, unchanged for the day and down 7 for the week; Jinbuba powder is 743, up 2 and unchanged for the week; mainstream mixed powder is 705, up 5 for both the day and the week; super special powder is 652, up 4 and 7; Carajás powder is 880, up 2 and 2 [1]. - **Brazilian Iron Ore**: Brazilian blend is 812, up 6 and 5; Brazilian coarse IOC6 is 777, up 7 and 14; Brazilian coarse SSFG is 782, up 7 and 14 [1]. - **Other Regions**: Ukrainian concentrate powder is 877, up 4 and unchanged for the week; 61% Indian powder is 732, up 2 and unchanged for the week; Karara concentrate powder is 877, up 4 and unchanged for the week; Roy Hill powder is 739, up 2 and down 2; KUMBA powder is 828, up 2 and down 3; 57% Indian powder is 597, up 4 and 7; Atlas powder is 700, up 5 and 5 [1]. - **Domestic Ore**: Tangshan iron concentrate powder is 977, unchanged for both the day and the week [1]. Futures Market - **DCE Contracts**: i2601 is 772.5, up 3.5 from the previous day and down 2.5 for the week; i2605 is 748.0, up 1.0 and down 5.0; i2509 is 791.0, up 5.0 and unchanged for the week [1]. - **SGX Contracts**: FE01 is 100.17, down 0.32 and 2.51; FE05 is 97.90, down 0.16 and 2.50; FE09 is 100.75, down 0.30 and 2.76 [1]. Premium and Spread - **Premium**: PB block/block ore premium and U - ball/pellet premium data are presented with historical trends from 2021 - 2025 [1]. - **Spread**: The monthly spreads of different contracts are provided, such as i2601 has a monthly spread of 18.5, up 41.0 from the previous day and down 1.3 for the week [1].

Group 1: Report Information - Report Title: Yong'an Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center - Report Date: August 22, 2025 [3] Group 2: BR Main Contract Data - Closing Price: On August 21, it was 11,775, with a daily change of 60 and a weekly change of 130 [4] - Open Interest: On August 21, it was 38,436, with a daily change of 2,745 and a weekly change of 14,763 [4] - Trading Volume: On August 21, it was 106,881, with a daily change of -62,183 and a weekly change of 38,728 [4] - Warehouse Receipt Quantity: On August 21, it was 12,190, with no daily change and a weekly change of 1,720 [4] - Virtual-to-Physical Ratio: On August 21, it was 15.77, with a weekly change of 4 [4] Group 3: BR Basis and Spread Data - Butadiene Styrene Basis: On August 21, it was 510, with a daily change of 90 and a weekly change of -80 [4] - 8 - 9 Month Spread: On August 21, it was 70, with a daily change of 150 and a weekly change of -185 [4] - 9 - 10 Month Spread: On August 21, it was -20, with a daily change of -10 and a weekly change of -20 [4] Group 4: BR Price Data - Shandong Market Price: On August 21, it was 11,750, with a daily change of 150 and a weekly change of 50 [4] - Chuanhua Market Price: On August 21, it was 11,700, with a daily change of 200 and a weekly change of 50 [4] - Qilu Factory Price: On August 21, it was 11,900, with no daily change and a weekly change of 100 [4] - CFR Northeast Asia: On August 21, it was 1,450, with no daily change and no weekly change [4] - CFR Southeast Asia: On August 21, it was 1,725, with no daily change and a weekly change of -10 [4] Group 5: BR Processing and Import - Export Data - Spot Processing Profit: On August 21, it was -64, with a daily change of 12 [4] - Futures Processing Profit: On August 21, it was -39, with a daily change of -78 and a weekly change of 105 [4] - Import Profit: On August 21, it was -85,257, with a daily change of 142 and a weekly change of -733 [4] - Export Profit: On August 21, it was -469, with a daily change of -130 and a weekly change of -46 [4] Group 6: BD Price Data - Shandong Market Price: On August 21, it was 9,425, with a daily change of 135 and a weekly change of 25 [4] - Jiangsu Market Price: On August 21, it was 9,350, with a daily change of 100 and a weekly change of 50 [4] - Yangzi Factory Price: On August 21, it was 9,400, with no daily change and no weekly change [4] - CFR China: On August 21, it was 1,080, with no daily change and a weekly change of 10 [4] Group 7: BD Processing and Import - Export Data - Carbon Four Extraction Profit: The data on August 21 was N/A [4] - Butene Oxidative Dehydrogenation Profit: On August 21, it was 256, with a daily change of 100 and a weekly change of 50 [4] - Import Profit: On August 21, it was 442, with a daily change of [missing value] and a weekly change of -29 [4] - Export Profit: On August 21, it was 1,037, with a daily change of -15 and a weekly change of 26 [4] Group 8: Downstream Product Profit Data - Butadiene - Styrene Production Profit: On August 21, it was 938, with no daily change and a weekly change of 100 [4] - ABS Production Profit: The data on August 21 was N/A [4] - SBS Production Profit (791 - H): On August 21, it was 1,145, with no daily change and no weekly change [4] Group 9: Inter - Variety Spread Data - RU - BR: On August 21, it was -22,716, with a daily change of -2,700 and a weekly change of -14,678 [4] - NR - BR: On August 21, it was -25,836, with a daily change of -2,670 and a weekly change of -14,653 [4] - Thai Mixed - Butadiene: On August 21, it was 2,870, with a daily change of -60 and a weekly change of 150 [4] - 3L - Butadiene - Styrene: On August 21, it was 2,600, with a daily change of -100 and a weekly change of 150 [4] Group 10: Intra - Variety Spread Data - Butadiene Standard - Non - Standard Price Difference: On August 21, it was 150, with no daily change and a weekly change of -50 [4] - Butadiene - Styrene 1502 - 1712: On August 21, it was 1,000, with a daily change of 50 and no weekly change [4]

1. Report Industry Investment Rating - Not provided in the document 2. Core View of the Report - The overall strategy maintains the logic of shorting on rallies. This is because the overall situation in September is loose, the subsequent drivers continue to be weak; currently, the October contract is at a discount of about 450 points to the spot, and there is still expected to be room for decline; the valuation of the far - month contracts is unclear, more affected by drivers, and due to low positions, they are greatly affected by macro and capital behaviors [2][16] 3. Summary by Relevant Content 3.1 EC Futures Contract Price and Month - spread - **Contract Prices**: On August 21, 2025, the closing prices of EC2508, EC2510, EC2512, EC2602, EC2604, and EC2606 were 2123.0, 1355.0, 1775.9, 1532.0, 1314.3, and 1480.0 respectively, with changes of - 0.20%, - 1.12%, 0.05%, - 0.22%, - 0.67%, and - 0.82% [2][16] - **Month - spreads**: The month - spreads of EC2508 - 2510, EC2510 - 2512, and EC2512 - 2602 on the previous day were 768.0, - 420.9, and 243.9 respectively, with daily changes of 11.0, - 16.2, and 4.3 [2][16] 3.2 Shipping Indexes - **SCF (European Line)**: On August 18, 2025, the value was 2180.17, a decrease of 2.47% from the previous period [2][16] - **CCFI**: On August 15, 2025, it was 1790.47 points, a decrease of 0.48% from the previous period [2][16] - **NCFI**: On August 15, 2025, it was 1188.69 points, a decrease of 5.49% from the previous period [2][16] 3.3 Weekly Booking Situation - **Week 34 - 35**: Currently, downstream is booking week 34 - 35 (end of August) positions. The final average price of week 34 was 2850 US dollars (2000 points). The current average quote of week 35 is 2625 US dollars (1840 points), with PA Alliance at 2500 US dollars, MSK at 2300 US dollars, and OA Alliance at 2700 - 2800 US dollars. Fundamentally, MSK is better, OA is average, and PA is worse [2][16] - **Week 35 - 36**: Currently, downstream is booking week 35 - 36 (end of August to early September) positions. The average price of week 35 is 2575 US dollars (1770 points), and that of week 36 is 2400 US dollars (1630 points) [3][17] 3.4 Shipping Capacity - The weekly average shipping capacities in August, September (tentatively), and October 2025 are 328,000, 312,000, and 315,000 TEU respectively. After planning all TBN sailings to be cancelled, they are 328,000, 297,000, and 283,000 TEU [2][16]

Report Summary 1. Report Industry Investment Rating There is no information about the industry investment rating in the provided content. 2. Core Viewpoint There is no explicit core viewpoint presented in the given report. The report mainly provides a series of data on asphalt, including futures prices, trading volumes, positions, spot prices, and various spreads and profit margins. 3. Summary by Relevant Catalogs Futures Market - **Contract Prices**: The BU main contract price decreased from 3609 on 7/22 to 3454 on 8/20, a weekly change of -52. Other contracts like BU06, BU09, BU12, and BU03 also showed different degrees of decline [20]. - **Trading Volume and Position**: The trading volume increased by 53,888 week - on - week to 222,537 on 8/20, and the position decreased by 16,607 to 429,967 [20]. Spot Market - **Market Prices**: The Shandong market price dropped from 3845 on 7/22 to 3530 on 8/20, a weekly decline of -120. The East China market price decreased by -10, the South China market price by -20, and the Northeast market price by -20 [20]. - **Price Spreads**: The Shandong - East China spread widened to -190 on 8/20 from -80 on 8/12, a change of -110. The Shandong - Northeast spread widened to -350 from -250, a change of -100 [20]. Basis and Monthly Spreads - **Basis**: The Shandong basis decreased from 236 on 7/22 to 76 on 8/20, a weekly change of -68. The East China basis increased by 42, and the South China basis increased by 32 [20]. - **Monthly Spreads**: The 06 - 09 spread changed from -224 on 7/22 to -178 on 8/20, a change of 21. The 09 - 12 spread increased by 6 [20]. Spreads and Profits - **Spreads**: The asphalt Brent spread was -6 on 7/22 and 71 on 8/20, with a weekly change of -5. - **Profits**: The asphalt MRE profit increased by 38 week - on - week to -4 on 8/20. The ordinary refinery comprehensive profit decreased by 37, and the MRE - type refinery comprehensive profit decreased by 23 [20]. Related Prices - **Crude Oil and Other Products**: The Brent crude oil price decreased by 0.8 on 8/20 compared to 8/19, with a weekly change of 0.2. The Shandong gasoline market price decreased by 90 week - on - week to 7648 on 8/20 [20].

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - This week, oil prices fluctuated. The inflection point of the fundamentals has emerged, and the market is concerned about the cease - fire negotiation of the Russia - Ukraine conflict and the US tariff measures on India. After the "Trump - Putin meeting", the risk rating of the sanctions policy has decreased. The short - term crude oil absolute price is expected to remain volatile, and the crude oil is expected to weaken in the second half of the year under the pattern of supply - demand surplus [5]. Group 3: Summary of Each Section 1. Oil Price Data - From August 14 to August 20, 2025, WTI crude oil price changed by $0.36, BRENT by $1.05, DUBAI by $0.48. Other related oil products also had corresponding price changes, such as NYMEX RB changing by $3.93, OMAN by $1.88 [3]. 2. Daily News - Driven by Asian demand, US crude oil exports are expected to rebound from the summer slump, with exports in August and September expected to exceed 4 million barrels per day [3]. - Russia expects India to continue buying Russian oil despite US tariff threats. As of mid - 2025, India imported about 1.7 million barrels of oil per day from Russia, accounting for nearly 37% of its overseas purchases [4]. 3. Regional Fundamentals - EIA report shows that in the week ending August 15, US crude oil exports increased by 795,000 barrels per day to 4.372 million barrels per day, domestic crude oil production increased by 55,000 barrels to 13.382 million barrels per day, and commercial crude oil inventories (excluding strategic reserves) decreased by 6.014 million barrels to 421 million barrels, a decrease of 1.41% [4]. - From August 8 - 14, the operating rate of major refineries and Shandong local refineries in China increased slightly. Refinery output of gasoline and diesel increased, and inventories decreased. The comprehensive profit of major refineries declined, while that of local refineries increased [5]. 4. Weekly Views - This week, oil prices fluctuated. The short - term crude oil absolute price is expected to remain volatile, and the crude oil is expected to weaken in the second half of the year under the pattern of supply - demand surplus. Attention should be paid to Russian crude oil supply and whether India resumes purchasing Russian oil in the spot market next week [5].

Group 1: Report Overview - The report is a morning report on glass and soda ash by the Energy and Chemicals Team of the Research Center, dated August 21, 2025 [2] Group 2: Glass Market Price Changes - From August 13 to August 20, 2025, the price of 5mm large - plate glass in different regions showed various changes. For example, the price of 5mm large - plate glass from Shahe Anquan increased from 1160.0 to 1164.0, while that from Shahe Great Wall decreased from 1147.0 to 1130.0 [2] - Among the futures contracts, FG09 decreased from 1061.0 to 997.0, and FG01 decreased from 1214.0 to 1162.0 [2] Basis and Spread - The FG 9 - 1 spread changed from - 153.0 to - 165.0, and the 09 Hebei basis changed from 82.0 to - 32.0 [2] Profitability - The North China coal - fired profit decreased from 237.0 to 228.5, and the 09FG盘面 natural gas profit decreased from - 312.2 to - 362.1 [2] Production and Sales - The production - sales ratio in Shahe was 85, in Hubei was 121, in East China was 92, and in South China was 96 [2] Group 3: Soda Ash Market Price Changes - From August 13 to August 20, 2025, the price of heavy soda ash in different regions also had different trends. For example, the price of Shahe heavy soda ash decreased from 1260.0 to 1210.0, while the price of South China heavy soda ash remained at 1450.0 [2] - Among the futures contracts, SA05 decreased from 1437.0 to 1364.0, SA01 decreased from 1383.0 to 1309.0, and SA09 decreased from 1276.0 to 1209.0 [2] Basis and Spread - The SA09 Shahe basis changed from - 16.0 to 1.0, and the SA month - difference 09 - 01 changed from - 107.0 to - 100.0 [2] Profitability - The North China ammonia - soda profit decreased from - 119.7 to - 166.7, and the North China combined - soda profit decreased from - 171.3 to - 167.9 [2] Spot Market - The spot price of heavy soda ash at the Hebei delivery warehouse was around 1180, and the price delivered to Shahe was around 1210 [2]

Group 1: Report Core Views - Australia's 2025/26 rapeseed crop output is expected to be 5.7 million tons, unchanged from the previous forecast, with the forecast range between 5.4 - 6.3 million tons. The near - normal temperatures by October will support crop growth, but the cooling forecast from August 25 - 31 is worth attention due to possible light frost in some areas [1] - Malaysia's palm oil product exports from August 1 - 20 increased by 13.6% compared to the same period last month, reaching 929,051 tons [1] - Indonesia plans to increase its crude palm oil annual output from 48.2 million tons in 2024 to 60 million tons by 2030 to meet the growing demand. To achieve this goal, BPDP has implemented human resource improvement plans and the government has launched a plantation revival plan [1] Group 2: Spot Prices - Spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from August 14 - 20, 2025 are provided, showing price fluctuations during this period [1][8]

Report Overview - Report Title: Methanol Polyolefin Morning Report - Report Date: August 21, 2025 - Research Team: Energy and Chemicals Team of the Research Center Industry Investment Rating - No investment rating information is provided in the report. Core Viewpoints - **Methanol**: Port inventories are accumulating significantly due to high imports and current inventories. The domestic supply is expected to return, and traditional demand will enter the peak season. It is necessary to pay attention to whether the demand can support after the domestic supply returns. If the inventory deteriorates significantly, methanol is likely to experience a valuation decline [2]. - **Polyethylene**: The inventory of the two major state - owned oil companies is neutral year - on - year. The upstream two major oil companies are accumulating inventory, while coal - chemical enterprises are reducing inventory. The overall inventory is neutral. The 09 basis is around - 150 in North China and - 100 in East China. The import profit is around - 100 with no further increase for now. In August, the number of maintenance activities decreased month - on - month, and the domestic linear production increased month - on - month. Attention should be paid to the LL - HD conversion and new device commissioning [7]. - **Polypropylene**: The upstream two major oil companies are accumulating inventory, and the middle - stream is reducing inventory. The basis is - 60, the non - standard price difference is neutral, and the import profit is around - 800. Exports have been performing well this year. The supply in June is expected to increase slightly month - on - month, and the downstream orders are average currently. Under the background of over - capacity, the 09 contract is expected to face moderate to excessive pressure. If exports continue to increase or there are more PDH device maintenance activities, the supply pressure can be alleviated to a neutral level [7]. - **PVC**: The basis remains at 09 - 150, and the factory - pickup basis is - 450. The downstream operating rate is seasonally weakening, and the willingness to hold goods at low prices is strong. The inventory reduction of the middle and upstream has slowed down. Attention should be paid to the commissioning and export sustainability from July to August. The current static inventory contradiction is accumulating slowly, and attention should be paid to exports, coal prices, commercial housing sales, terminal orders, and operating rates [7]. Summary by Product Methanol - **Price Data**: From August 14 to August 20, the daily changes in动力煤期货price were 0,江苏现货price increased by 25,华南现货price increased by 10,鲁南折盘面price decreased by 5,西南折盘面price remained unchanged,河北折盘面price decreased by 60,西北折盘面price remained unchanged, CFR中国and CFR东南亚prices remained unchanged,进口利润remained unchanged,主力基差decreased by 5, and盘面MTO利润remained unchanged [2]. - **Market Situation**: Port inventories are high, and the domestic supply is expected to return. Traditional demand will enter the peak season later. It is necessary to focus on the demand - supply balance after the domestic supply returns [2]. Polyethylene - **Price Data**: From August 14 to August 20,东北亚乙烯price remained unchanged,华北LLprice increased by 20,华东LLprice remained unchanged,华东LDprice decreased by 25,华东HDprice decreased by 30, LL美金and LL美湾prices remained unchanged,进口利润remained unchanged,主力期货price increased by 40,基差increased by 10,两油库存remained unchanged, and仓decreased by 40 [7]. - **Market Situation**: The overall inventory is neutral. The 09 basis is different in different regions. The overseas markets in Europe, America, and Southeast Asia are stable. The import profit is around - 100. The non - standard HD injection price is stable, and other price differences are fluctuating. The number of maintenance activities in August decreased month - on - month, and the domestic linear production increased month - on - month [7]. Polypropylene - **Price Data**: From August 14 to August 20,山东丙烯price decreased by 20,东北亚丙烯price remained unchanged,华东PPprice decreased by 40,华北PPprice decreased by 15,山东粉料price decreased by 10,华东共聚price decreased by 28, PP美金and PP美湾prices remained unchanged,出口利润remained unchanged,主力期货price increased by 40,基差remained unchanged,两油库存remained unchanged, and仓单decreased by 100 [7]. - **Market Situation**: The upstream two major oil companies are accumulating inventory, and the middle - stream is reducing inventory. The basis is - 60, the non - standard price difference is neutral, and the import profit is around - 800. Exports have been good. The supply in June is expected to increase slightly month - on - month, and the downstream orders are average [7]. PVC - **Price Data**: From August 14 to August 20,西北电石price remained unchanged,山东烧碱price remained unchanged,电石法 - 华东price decreased by 20,乙烯法 - 华东,电石法 - 华南, and电石法 - 西北prices remained unchanged,进口美金价（CFR中国）remained unchanged,出口利润remained unchanged,西北综合利润remained unchanged,华北综合利润remained unchanged, and基差(高端交割品) remained unchanged [7]. - **Market Situation**: The basis remains stable. The downstream operating rate is seasonally weakening, and the inventory reduction of the middle and upstream has slowed down. Attention should be paid to the commissioning and export sustainability from July to August [7].

Report Industry Investment Rating - Not provided in the given content Report's Core View - Not provided in the given content Summary by Relevant Catalogs Price - **Silicon Iron**: On August 21, 2025, the latest spot prices of Ningxia 72 and Inner Mongolia 72 silicon iron were 5330 and 5350 respectively, with daily changes of -70 and -50, and weekly changes of -170 and -100. The latest export price of Tianjin 72 silicon iron (in US dollars) was 1055, with a daily and weekly increase of 30 [1]. - **Silicon Manganese**: On August 21, 2025, the latest factory - ex prices of Inner Mongolia 6517, Ningxia 6517, and Guangxi 6517 silicon manganese were 5750, 5600, and 5800 respectively, with daily changes of -50, -230, and -70, and weekly changes of -50, -300, and -100 [1]. Supply - **Silicon Iron**: The production data of 136 silicon iron enterprises in China from 2021 - 2025 are presented, including monthly and weekly production, and capacity utilization in Inner Mongolia, Ningxia, and Shaanxi [3]. - **Silicon Manganese**: The production data of silicon manganese in China from 2021 - 2025 are shown, including weekly production, and the procurement volume and price of Hebei Iron and Steel Group [6]. Demand - **Silicon Iron**: The demand - related data such as the estimated production of crude steel in China, the production of metal magnesium, the production of stainless - steel crude steel, and the procurement volume of Hebei Iron and Steel Group from 2021 - 2025 are provided [3]. - **Silicon Manganese**: The demand - related data such as the estimated production of crude steel in China and the demand in China (according to Steel Union's caliber) from 2021 - 2025 are presented [3][7]. Inventory - **Silicon Iron**: The inventory data of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi from 2021 - 2025, as well as the warehouse receipt data and effective forecast data, are shown [5]. - **Silicon Manganese**: The inventory data of 63 sample enterprises in China, warehouse receipt data, effective forecast data, and the average available days of inventory in China from 2021 - 2025 are presented [7]. Cost Profit - **Silicon Iron**: The cost - profit data such as electricity prices in Qinghai, Ningxia, Shaanxi, and Inner Mongolia, the market price of semi - coking coal in Shaanxi, the production cost and profit in Ningxia and Inner Mongolia from 2021 - 2025 are provided [5]. - **Silicon Manganese**: The cost - profit data such as the ex - factory price of chemical coke in Ordos, the summary price of manganese ore in Tianjin Port, and the profit in Inner Mongolia, Guangxi, the northern and southern regions from 2021 - 2025 are presented [6][7].