瑞达期货锰硅硅铁产业日报-20250605

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - On June 5, the silicon ferroalloy 2509 contract closed at 5196, down 0.65%. The current production profit of ferroalloys is negative, and the cost support is weakened by the reduction of the settlement electricity price in Ningxia in April. The demand expectation for steel is generally weak. Technically, the 4 - hour cycle K - line is below the 20 and 60 moving averages, and it should be treated as a volatile operation [2]. - On June 5, the manganese silicon 2509 contract closed at 5482, up 0.48%. Fundamentally, the manufacturers' production cut has led the operating rate to a low level in the same period, but the overall inventory is still high. The raw material cost side has seen some changes, and the market sentiment has improved. The steel mills' procurement is cautious, and the tender price continues to decline. Technically, the 4 - hour cycle K - line is below the 20 and 60 moving averages, and it should be treated as a volatile operation [2]. 3. Summary by Related Catalogs 3.1 Futures Market - SM主力合约收盘价为5,482.00元/吨，环比下降20.00元；SF主力合约收盘价为5,196.00元/吨，环比下降62.00元 [2]. - SM期货合约持仓量为662,411.00手，环比增加6350.00手；SF期货合约持仓量为467,642.00手，环比增加24317.00手 [2]. - 锰硅前20名净持仓为 - 27,364.00手，环比增加264.00手；硅铁前20名净持仓为 - 12,793.00手，环比增加6345.00手 [2]. - SM1 - 9月合约价差为32.00元/吨，环比下降8.00元；SF1 - 9月合约价差为8.00元/吨，环比下降4.00元 [2]. - SM仓单为102,183.00张，环比下降1064.00张；SF仓单为15,836.00张，环比下降375.00张 [2]. 3.2 Spot Market - 内蒙古锰硅FeMn68Si18价格为5,450.00元/吨，环比无变化；内蒙古硅铁FeSi75 - B价格为5,260.00元/吨，环比下降40.00元 [2]. - 贵州锰硅FeMn68Si18价格为5500.00元/吨，环比无变化；青海硅铁FeSi75 - B价格为5,230.00元/吨，环比无变化 [2]. - 云南锰硅FeMn68Si18价格为5,500.00元/吨，环比无变化；宁夏硅铁FeSi75 - B价格为5,170.00元/吨，环比下降80.00元 [2]. - 锰硅指数均值为5515.00元/吨，环比下降101.68元；SF主力合约基差为 - 26.00元/吨，环比下降18.00元 [2]. - SM主力合约基差为 - 32.00元/吨，环比增加20.00元 [2]. 3.3 Upstream Situation - 南非矿:Mn38块:天津港价格为31.00元/吨度，环比无变化；硅石（98%西北）价格为210.00元/吨，环比无变化 [2]. - 内蒙古乌海二级冶金焦价格为970.00元/吨，环比无变化；兰炭（中料神木）价格为640.00元/吨，环比无变化 [2]. - 锰矿港口库存为407.00万吨，环比下降13.50万吨 [2]. 3.4 Industry Situation - 锰硅企业开工率为34.77%，环比增加0.59%；锰硅供应为169,925.00吨，环比增加4725.00吨 [2]. - 硅铁企业开工率为30.44%，环比增加0.02%；硅铁供应为84,900.00吨，环比下降4000.00吨 [2]. - 锰硅厂家库存为201,100.00吨，环比下降6000.00吨；硅铁厂家库存为7.51万吨，环比增加0.14万吨 [2]. - 锰硅全国钢厂库存为15.15天，环比下降0.29天；硅铁全国钢厂库存为15.20天，环比下降0.24天 [2]. - 五大钢种锰硅需求为126886.00吨，环比增加296.00吨；五大钢种硅铁需求为20574.50吨，环比下降125.50吨 [2]. 3.5 Downstream Situation - 247家钢厂高炉开工率为83.89%，环比增加0.22%；247家钢厂高炉产能利用率为90.67%，环比下降0.63% [2]. - 粗钢产量为8601.90万吨，环比下降682.24万吨 [2]. 3.6 Industry News - 山东省工业和信息化厅对石横特钢集团有限公司从菏泽富海能源有限公司转入7万吨焦化合规产能指标进行公示 [2]. - 2025年全国计划新开工改造城镇老旧小区2.5万个，1 - 4月份新开工改造5679个 [2]. - 5月深圳全市二手房录得5727套，环比下降13.2%，同比增长17.6% [2]. - 印尼考虑购买中国歼 - 10战斗机和美国F - 15EX战斗机 [2]. - 欧洲央行正式批准保加利亚使用欧元的申请，使其成为欧元区第21个成员国 [2]. - 商务部等五部门计划开展2025年新能源汽车下乡活动 [2].