瑞达期货锰硅硅铁产业日报-20250812

Report Summary 1. Report Industry Investment Rating No information provided in the given content. 2. Core Viewpoints - On August 12, the manganese - silicon 2509 contract was reported at 6110, up 0.16%. The Inner Mongolia spot profit was - 90 yuan/ton, and the Ningxia spot profit was - 70 yuan/ton. The market should be treated as oscillating, and investors should pay attention to risk control [2]. - On August 12, the ferrosilicon 2509 contract was reported at 5820, up 0.21%. The Ningxia ferrosilicon spot was reported at 5630. The market should be treated as oscillating, and investors should pay attention to risk control [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - SM主力合约收盘价 was 6110 yuan/ton, up 10 yuan; SF主力合约收盘价 was 5820 yuan/ton, down 10 yuan [2]. - SM期货合约持仓量 was 625,807 hands, up 3198 hands; SF期货合约持仓量 was 479,578 hands, up 10554 hands [2]. - The net position of the top 20 in manganese - silicon was - 104,374 hands, down 1083 hands; the net position of the top 20 in ferrosilicon was - 34,653 hands, up 1088 hands [2]. - The SM1 - 9 month contract spread was 96 yuan/ton, down 2 yuan; the SF1 - 9 month contract spread was 192 yuan/ton, up 12 yuan [2]. - The SM仓单 was 75,520 sheets, down 187 sheets; the SF仓单 was 19,998 sheets, up 379 sheets [2]. - The SM主力合约基差 was - 210 yuan/ton, down 10 yuan; the SF主力合约基差 was - 190 yuan/ton, up 10 yuan [2]. 3.2 Spot Market - The price of Inner Mongolia manganese - silicon FeMn68Si18, Guizhou manganese - silicon FeMn68Si18, and Yunnan manganese - silicon FeMn68Si18 was 5900 yuan/ton, unchanged; the price of Inner Mongolia ferrosilicon FeSi75 - B was 5700 yuan/ton, unchanged, Qinghai ferrosilicon FeSi75 - B was 5530 yuan/ton, unchanged, and Ningxia ferrosilicon FeSi75 - B was 5630 yuan/ton, unchanged [2]. - The manganese - silicon index average was 5833 yuan/ton, down 4 yuan [2]. 3.3 Upstream Situation - The price of South African ore: Mn38 block: Tianjin Port was 34 yuan/ton degree, unchanged; the price of silica (98% Northwest) was 210 yuan/ton, unchanged [2]. - The price of Inner Mongolia Wuhai secondary metallurgical coke was 1100 yuan/ton, unchanged; the price of semi - coke (medium material, Shenmu) was 670 yuan/ton, unchanged [2]. - The manganese ore port inventory was 448.90 million tons, up 10.40 million tons [2]. 3.4 Industry Situation - The manganese - silicon enterprise opening rate was 43.43%, up 1.25%; the ferrosilicon enterprise opening rate was 34.32%, up 0.56% [2]. - The manganese - silicon supply was 195,825 tons, up 5005 tons; the ferrosilicon supply was 109,100 tons, up 4700 tons [2]. - The manganese - silicon manufacturer inventory was 161,500 tons, down 2500 tons; the ferrosilicon manufacturer inventory was 7.17 million tons, up 0.62 million tons [2]. - The national steel mill inventory of manganese - silicon was 14.24 days, down 1.25 days; the national steel mill inventory of ferrosilicon was 14.25 days, down 1.13 days [2]. - The demand for manganese - silicon from the five major steel types was 125,200 tons, up 1485 tons; the demand for ferrosilicon from the five major steel types was 20,266.30 tons, up 344.30 tons [2]. 3.5 Downstream Situation - The blast furnace opening rate of 247 steel mills was 83.77%, up 0.29%; the blast furnace capacity utilization rate of 247 steel mills was 90.07%, down 0.15% [2]. - The crude steel output was 8318.40 million tons, down 336.10 million tons [2]. 3.6 Industry News - The National Mine Safety Supervision Administration will hold a special press conference on the new version of the "Coal Mine Safety Regulations" at 10:00 am on August 13 [2]. - As of now, Shanxi Province has built 10 national intelligent demonstration coal mines and a total of 289 intelligent coal mines [2]. - Henan Province has issued policies to support enterprises in reducing costs and increasing efficiency, including promoting ultra - low emission transformation in the steel industry [2]. - Goldman Sachs: As of June, US enterprises bear 64% of the tariff cost, consumers bear 22%, and foreign exporters bear 14%. It is expected that by October, consumers will bear 67% of the cost, and the proportion borne by enterprises will drop to less than 10% [2].