铁合金日报-宏观空窗期，关注锰硅产业消息

Group 1: Silicon Iron Market Analysis - The cost of silicon iron remains stable, with prices for silicon stone at 180-230 CNY/ton and carbonized coal at 890-940 CNY/ton[1] - Current spot prices for silicon iron are reported at 6000-6050 CNY/ton for 72 silicon iron and 6500-6600 CNY/ton for 75 silicon iron, with weak trading activity noted[1] - Silicon iron warehouse receipts decreased by 14 to 6601, with total receipts and forecasts down by 70 tons to 34230 tons, indicating low hedging interest[1] Group 2: Manganese Silicon Market Analysis - Manganese ore prices are stable, with semi-carbonate at 32.5-33 CNY/ton and Australian blocks at 42-43 CNY/ton, while shipments from South Africa, Australia, and Gabon decreased by 11.33 million tons week-on-week[8] - Manganese silicon prices increased by 30-80 CNY/ton, with northern regions reporting 6000-6100 CNY/ton and southern regions at 6100-6150 CNY/ton[8] - Manganese silicon warehouse receipts remained unchanged at 47040, with total receipts at 258845 tons, indicating reduced hedging interest[8] Group 3: Technical Analysis - The Wenhua Commodity Index fell by 0.82% to 171.92, with a net outflow of 1.555 billion CNY, primarily affecting the black series[2] - The main silicon iron contract closed at 6352 CNY, down 1.12%, with a reduction in positions by 6296 contracts[2] - The technical outlook shows a bearish trend with KDJ indicators narrowing, suggesting potential downward pressure[2] Group 4: Market Trends and Outlook - The market is expected to continue low-level fluctuations, with attention on support at integer levels and pressure near the 60-week moving average[3][10] - Supply-demand mismatches persist, with warehouse inventories declining but corporate inventories accumulating, indicating weak fundamental drivers[4][11] - The macroeconomic environment remains uncertain, with coal sector fluctuations and notable technical characteristics in silicon iron prices[4]