铁合金周报-宏观情绪相守相望，合金低位宽幅震荡，关注仓单降库释放压力

Group 1: Silicon Iron Market Analysis - The current price range for 72 silicon iron is 6150-6350 CNY/ton, while 75 silicon iron is priced at 6700-6900 CNY/ton, reflecting a weekly decline of 50-100 CNY/ton[6] - The cost of silicon iron has decreased by 50-60 CNY/ton, leading to an expansion of industry losses, particularly in regions like Gansu and Shaanxi[8] - The weekly supply of silicon iron has increased by 3.93%, while demand has only risen by 2.18%, indicating a mismatch in supply and demand[15] Group 2: Manganese Silicon Market Analysis - The current price for 6517 manganese silicon ranges from 5950-6100 CNY/ton, with a slight weekly decrease of 150 CNY/ton[3] - Manganese silicon supply has increased by 4.79% week-on-week, while demand has only increased by 1.63%, suggesting a shift from a previous supply-demand mismatch to an expanding gap[16] - The average operating rate for manganese silicon enterprises is reported at 43.97%, reflecting a week-on-week increase of 2.07%[16] Group 3: Inventory and Warehouse Changes - Silicon iron warehouse receipts have decreased by 4520 tons to a total of 39975 tons, indicating ongoing destocking[27] - Manganese silicon warehouse receipts have decreased by 50855 tons, totaling 584000 tons, suggesting a shift towards a more balanced inventory situation[27] - Steel mills' silicon iron inventory days have decreased to 14.53 days, indicating a low inventory level[15]