永安期货铁合金早报-20250718

Report Industry Investment Rating - No relevant content found Core Viewpoints - No relevant content found Summary by Catalog Price - On July 18, 2025, the latest price of Ningxia 72 silicon - iron natural block was 5200 yuan, with a weekly increase of 50 yuan; the latest price of Inner Mongolia 72 was 5250 yuan, with a weekly increase of 50 yuan; the latest price of Qinghai 72 was 5200 yuan, with a weekly increase of 50 yuan; the latest price of Shaanxi 72 was 5150 yuan, with a weekly increase of 50 yuan; the latest price of Shaanxi 75 was 5650 yuan, with a weekly increase of 50 yuan [2]. - The latest price of Jiangsu 72 silicon - iron qualified block was 5600 yuan, with no daily or weekly change; the latest price of Tianjin 72 (trader price) was 5470 yuan, with a daily increase of 20 yuan and a weekly decrease of 130 yuan; the latest price of Tianjin 72 (export price in US dollars) was 1005 dollars, with a weekly decrease of 5 dollars; the latest price of Tianjin 75 (export price in US dollars) was 1055 dollars, with a weekly decrease of 5 dollars [2]. - For silicon - manganese, the latest ex - factory price of Inner Mongolia 6517 was 5600 yuan, with a weekly increase of 50 yuan; the latest price of Ningxia 6517 was 5600 yuan, with a weekly increase of 50 yuan; the latest price of Guangxi 6517 was 5650 yuan, with no change; the latest price of Guizhou 6517 was 5600 yuan, with no change; the latest price of Yunnan 6517 was 5600 yuan, with no change; the latest price of Guangxi 6014 was 5100 yuan, with no change [2]. - The latest price of Ningxia 6517 (trader price) was 5600 yuan, with a weekly increase of 50 yuan; the latest price of Jiangsu 6517 (trader price) was 5770 yuan, with a weekly decrease of 30 yuan [2]. Supply - The report shows long - term trends of production - related data such as the monthly production of 136 silicon - iron enterprises in China, the weekly production of 136 silicon - iron enterprises in China (with a capacity share of 95%), and the monthly capacity utilization rates of 136 silicon - iron production enterprises in Inner Mongolia, Ningxia, and Shaanxi from 2021 to 2025 [4]. - It also presents the long - term trends of the weekly production of silicon - manganese in China from 2021 to 2025 [6]. Demand - The report provides long - term trends of demand - related data such as the estimated and revised monthly production of crude steel in China, the monthly production of stainless - steel crude steel in China, the monthly demand for silicon - manganese in China (according to Steel Union's data), and the monthly export volume of silicon - iron and silicon - manganese in China from 2021 to 2025 [4][7]. Inventory - The report shows long - term trends of inventory - related data such as the weekly inventory of 60 sample silicon - iron enterprises in China, the weekly inventory of 60 sample silicon - iron enterprises in Ningxia, Inner Mongolia, and Shaanxi, the daily total number of silicon - iron warehouse receipts on CZCE, the daily effective forecast of silicon - iron, and the daily inventory average available days of silicon - iron in East China, South China, and the North from 2021 to 2025 [5]. - It also presents the long - term trends of inventory - related data for silicon - manganese, including the daily total number of silicon - manganese warehouse receipts on CZCE, the daily effective forecast of silicon - manganese, the daily inventory average available days of silicon - manganese in China, and the weekly inventory of 63 sample silicon - manganese enterprises in China from 2021 to 2025 [7]. Cost Profit - The report shows long - term trends of cost - profit - related data such as the electricity prices for ferroalloys in Qinghai, Ningxia, Shaanxi, and Inner Mongolia, the mainstream market price of semi - coke in Shaanxi, the production profit of semi - coke in China, the market price of 98% silica in the northwest region of China, the market price of 70% iron oxide scale in Shijiazhuang, the production cost of silicon - iron in Ningxia and Inner Mongolia, the profit of silicon - iron in Ningxia converted to the main contract on the futures market, the spot profit of silicon - iron in Ningxia, and the export profit of 75% silicon - iron from 2021 to 2025 [5]. - It also presents the long - term trends of cost - profit - related data for silicon - manganese, including the profit of silicon - manganese in Inner Mongolia, Guangxi, the North region, and the South region (according to Steel Union's data), the profit of silicon - manganese in Guangxi converted to the main contract on the futures market, and the profit of silicon - manganese in Ningxia converted to the futures market from 2021 to 2025 [7].