铁合金周报-宏观情绪释放，盘面重回弱现实

Group 1: Silicon Iron Market Analysis - The cost of silicon iron has decreased, with prices for 72 silicon iron blocks reported at 5900-6050 CNY/ton, and 75 silicon iron at 6350-6400 CNY/ton, reflecting a week-on-week drop of 50-150 CNY[3] - The total silicon iron warehouse receipts increased by 7335 tons to 41640 tons, indicating a week-on-week rise of 2500 tons, while the forecast for receipts decreased to 0 tons[3] - The procurement price set by Hebei Steel for December is 6600 CNY/ton, which is higher than the inquiry price, suggesting a downward trend in pricing due to weak market fundamentals[3] Group 2: Manganese Silicon Market Analysis - Manganese silicon prices have also seen a decline, with 6517 manganese silicon reported at 5950-6000 CNY/ton in the north and 6000-6100 CNY/ton in the south, reflecting a week-on-week decrease of 50-100 CNY[9] - The total manganese silicon warehouse receipts increased by 41380 tons to 343840 tons, indicating a week-on-week rise, while the demand from the five major steel types decreased by 0.48%[9] - The average operating rate for manganese silicon enterprises is reported at 45.03%, with a slight increase of 0.14% from the previous week, while daily production remains stable[9] Group 3: Market Sentiment and Trends - Macro sentiment has released, leading to a return to weak market realities, with a focus on high-level hedging opportunities as the market remains under pressure[5] - The overall market sentiment is pessimistic, with steel mills maintaining low inventory levels while enterprise inventories are slightly increasing, indicating a mismatch in supply and demand[5] - The steel industry is experiencing a decline in demand for silicon iron and manganese silicon, with expectations that this trend will continue into December[5]