融达期货铁合金周报-2月钢招明朗且钢厂库存下降，关注宏观预期变化

Group 1: Silicon Iron Market Analysis - The cost of silicon iron has decreased by 50-180 RMB/ton due to lower raw material prices and reduced electricity costs in Inner Mongolia[1][17][18] - The current cash price for 72 silicon iron is reported at 5800-6000 RMB/ton, while 75 silicon iron is at 6150-6300 RMB/ton, reflecting a week-on-week decline of 50-100 RMB[1][2] - The total inventory of silicon iron has decreased by 3710 tons, with a current total of 95435 tons in warehouse and forecasted inventory combined[1][3] Group 2: Manganese Silicon Market Insights - Manganese ore inventory remains low with high demand, influenced by production cuts from Australian suppliers due to tropical cyclone Zelia, affecting an estimated 150,000-170,000 tons[7][30] - The cash price for manganese silicon is stable at 6200-6400 RMB/ton in the south and 6200-6300 RMB/ton in the north, with a slight week-on-week decline[7][8] - Manganese silicon warehouse inventory has increased by 3935 tons, totaling 471040 tons, indicating a shift in supply dynamics[7][10] Group 3: Technical and Market Trends - The Wenhua Commodity Index closed up 0.02% at 172.05, with a net capital inflow of 1.938 billion RMB[2] - The technical analysis indicates a potential downward trend for silicon iron, with a focus on the 6000 RMB support level and the 60-week moving average as resistance[3][55] - The overall market sentiment is cautious, with a focus on macroeconomic expectations as the Two Sessions approach, which may influence trading strategies[4][10]