融达期货铁合金日报-宏观情绪好转，商品系统性反弹，估值修复中

Group 1: Market Overview - The macro sentiment has improved, leading to a systematic rebound in commodities and valuation recovery[1] - The Wenhua Commodity Index closed at 161.76, up 1.41%, with a net capital inflow of 4.012 billion[2] Group 2: Silicon Iron Analysis - The price of 72 silicon iron is reported at 5350-5500 CNY/ton, while 75 silicon iron is at 5850-6000 CNY/ton[1] - Hebei Steel's procurement of 75B silicon iron in May increased by 20.5% to 2135 tons compared to April[1] - Silicon iron warehouse receipts remained stable at 19048, with a total of 96248 tons[1] Group 3: Manganese Silicon Analysis - Manganese ore prices are on the rise, with semi-carbonate at Tianjin Port priced at 33.5-34 CNY/ton[7] - Manganese silicon prices have slightly increased, with northern reports at 5600-5700 CNY/ton and southern reports at 5650-5750 CNY/ton[7] - Manganese silicon warehouse receipts decreased by 587 to 118693, with a total of 602935 tons[7] Group 4: Technical Analysis - The 2509 manganese silicon contract closed at 5864, up 0.62%, with a net capital inflow of 12.27 million[8] - The daily K-line for manganese silicon shows a small upward trend, indicating potential upward momentum[8] Group 5: Strategic Insights - The industry is experiencing significant losses, leading to substantial production cuts[4] - The supply-demand mismatch is narrowing, accelerating inventory reduction[4]