硅铁：现货情绪提振，宽幅震荡，锰硅，港口报价提振，宽幅震荡

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Report's Core View The report focuses on the fundamental tracking and market information of ferrosilicon and silicomanganese futures, showing that the prices of these products are in a state of wide - range fluctuations, and the port quotes of manganese ore have an impact on the market. There is no clear overall view on the future market trend from the given content, and the trend strength of both ferrosilicon and manganese silicon is neutral [1][3]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Data: For ferrosilicon, the closing prices of FeSi2508 and FeSi2509 are 5394 and 5370 respectively, with decreases of 28 and 14 compared to the previous trading day. For silicomanganese, the closing prices of SMn2508 and SMn2509 are 5666 and 5670 respectively, both decreasing by 6. The trading volumes and open interests of different contracts are also presented [1]. - Spot Data: The price of ferrosilicon FeSi75 - B in Inner Mongolia is 5150 yuan/ton, the price of silicomanganese FeMn65Si17 in Inner Mongolia is 5550 yuan/ton, up 30 yuan/ton. The price of manganese ore Mn44 block is 37.8 yuan/ton - degree, up 0.3 yuan/ton - degree, and the price of semi - coke small material in Shenmu is 580 yuan/ton [1]. - Price Differences: The basis of ferrosilicon (spot - 08 futures) is - 244 yuan/ton, up 28 yuan/ton; the basis of silicomanganese (spot - 09 futures) is - 120 yuan/ton, up 36 yuan/ton. The spread between near - and far - month contracts of ferrosilicon 2508 - 2509 is 24 yuan/ton, down 14 yuan/ton; the spread of silicomanganese 2508 - 2509 is - 28 yuan/ton, down 12 yuan/ton. The cross - variety spreads of silicomanganese 2508 - ferrosilicon 2508 and silicomanganese 2509 - ferrosilicon 2509 are 272 and 300 yuan/ton respectively [1]. 3.2 Macro and Industry News - Product Price Information: On June 27, the price range of 72 ferrosilicon in different regions is 5000 - 5200 yuan/ton, with some regions having an increase of 50 yuan/ton. The price range of 75 ferrosilicon is 5550 - 5750 yuan/ton. The price range of 6517 silicomanganese in the north is 5500 - 5550 yuan/ton, up 50 yuan/ton, and in the south is 5550 - 5650 yuan/ton, up 50 yuan/ton. The FOB prices of 72 and 75 ferrosilicon are 1000 - 1030 and 1080 - 1110 US dollars/ton respectively [2]. - Manganese Ore Quotes: UMK's July 2025 manganese ore quote for China shows that the price of Mn36% South African lump is 3.85 US dollars/ton - degree, down 0.05 US dollars/ton - degree compared to June. South32's August 2025 quote for South African semi - carbonate lump (typical value Mn36.9%) is 3.90 US dollars/ton - degree, up 0.05 US dollars/ton - degree, and the quote for Australian lump (typical value Mn42%) is 4.35 US dollars/ton - degree, down 0.05 US dollars/ton - degree [2]. - Silicon Iron Procurement: A steel mill in Jiangsu has set the procurement price of 75B ferrosilicon at 5570 yuan/ton for acceptance and delivery to the factory, up 20 yuan/ton from the previous round, with a quantity of 900 tons [3]. - Manganese Ore Inventory: As of this Friday, the inventory in Tianjin Port is 334,800 tons, up 9100 tons; the inventory in Qinzhou Port is 891,600 tons, down 14,600 tons; the inventory in Caofeidian Port is 0 tons; the inventory in Fangchenggang is 60,000 tons, down 20,000 tons. As of June 27, the total manganese ore inventory is 4.2996 million tons, down 25,500 tons [3]. 3.3 Trend Strength The trend strength of ferrosilicon and manganese silicon is 0, indicating a neutral view, with the range of trend strength being an integer in the [- 2,2] interval [3].