大越期货锰硅周报-20250804

Report Industry Investment Rating - Not provided in the report Core Viewpoints - The increase in raw material costs supports the price of silicomanganese. Recently, the manganese ore market has been stable, with various manganese ore varieties rising by 0.5 - 1 yuan/ton degree at the beginning of this week. The supply of South African ore at southern ports is tight, and the bargaining power of factories has decreased. Additionally, the fifth round of coke price hikes has further strengthened cost support [2]. - The high - level oscillation of the silicomanganese futures market supports the spot price. The futures price fluctuated around 6000 yuan/ton this week, and the market trading atmosphere was warm. There was still high - level hedging in the northern region, and the transmission effect of the futures market on the spot market was obvious, leading to a slight increase in spot prices in both the north and the south [2]. - The resonance of macro - policies and downstream demand has injected confidence into the market. Stimulated by macro - favorable policies such as the national anti - involution policy, the downstream stainless steel market has strengthened, and market activity has gradually recovered. Combined with strong support from the raw material side and positive transmission from the futures market, it has jointly promoted the increase in silicomanganese prices [2]. - Overall, the current silicomanganese market has clear and continuously effective supporting factors, and it is expected that the market will continue to operate in a strong and oscillatory manner in the short term. Attention should be paid to the trend of raw material prices and changes in downstream actual procurement volume [2]. Summary by Directory Manganese Silicone Supply - Capacity: The report presents the monthly capacity of Chinese silicomanganese enterprises and the annual production of silicomanganese in different regions of China, including Guangxi, Guizhou, Inner Mongolia, Ningxia, Yunnan, and other areas [6][7]. - Production - Annual: The annual production data of silicomanganese in different regions of China are shown [7]. - Production - Weekly, Monthly, and Operating Rate: The report shows the weekly and monthly production of silicomanganese in China and the weekly operating rate of Chinese silicomanganese enterprises [10]. - Production - Regional Production: The monthly production of Inner Mongolia, Ningxia, and Guizhou, as well as the daily average production of Inner Mongolia, Ningxia, Guizhou, and Guangxi are presented [11][12]. Manganese Silicone Demand - Steel Tender Purchase Price: The monthly purchase prices of silicomanganese by various steel enterprises, such as Baoshan Iron & Steel Co., Ltd., Baowu Egang, Chengde Jianlong, etc., are shown [15]. - Daily Average Hot Metal and Profit: The weekly daily average hot metal production and profitability of 247 steel enterprises in China are presented [17]. Manganese Silicone Import and Export - The monthly import and export quantities of silicomanganese in China are shown [19]. Manganese Silicone Inventory - The weekly inventory of 63 sample silicomanganese enterprises in China, as well as the monthly average available days of inventory in China, the northern region, and the eastern region are presented [21]. Manganese Silicone Cost - Manganese Ore - Import Volume: The monthly import volume of manganese ore in China, including imports from different regions such as Gabon, Africa, and Australia, is shown [23]. - Manganese Ore - Port Inventory and Available Days: The weekly port inventory of manganese ore in China, including at Qinzhou Port and Tianjin Port, and the weekly average available days of inventory in China are presented [25]. - Manganese Ore - High - Grade Ore Port Inventory: The weekly port inventory of high - grade manganese ore in China, including Australian, Gabonese, and Brazilian manganese ore at Qinzhou Port and Tianjin Port, is shown [27]. - Manganese Ore - Tianjin Port Manganese Ore Price: The daily price of different types of manganese ore at Tianjin Port, such as South African semi - carbonate manganese ore, Australian manganese ore, and Gabonese manganese ore, is presented [28]. - Regional Cost: The daily cost of silicomanganese in different regions, including Inner Mongolia, the northern region, Ningxia, the southern region, and Guangxi, is shown [29]. Manganese Silicone Profit - Regional Profit: The daily profit of silicomanganese in different regions, including the northern region, the southern region, Inner Mongolia, Ningxia, and Guangxi, is presented [31].