市场快讯：短期供增需减铁合金领跌黑色品种

Report Industry Investment Rating - The report takes a short - term bearish view on the ferrosilicon and silicomanganese futures [5] Report's Core View - The supply of ferrosilicon and silicomanganese has increased while demand has decreased, which may suppress the futures prices of the two products in the short term [4][5] Summary by Related Content Disk Situation - The SM2601 contract closed at 5914 today, down 206 points or 3.37% from yesterday's close, with a daily increase in positions of 18.59%. The SF2601 contract closed at 5652, down 214 points or 3.65% from yesterday's close, with a daily increase in positions of 21.39% [4] Influencing Factors - Some steel mills in Tangshan received oral notices of environmental protection production restrictions. From August 25th to September 3rd, sintering machines will be restricted by 30%, and from August 31st to September 3rd, blast furnaces will be restricted by 40% [4] - Last week, the weekly operating rate of silicomanganese enterprises was 45.75%, an increase of 2.32% from the previous week, and the daily average output was 29,580 tons, an increase of 1,605 tons. The weekly operating rate of ferrosilicon enterprises was 36.18%, a week - on - week increase of 1.86%, and the daily average output was 16,125 tons, a week - on - week increase of 3.43% or 535 tons [4] Analysis and Suggestions - The start - up of ferrosilicon and silicomanganese enterprises increased significantly last week. According to the spot cost, manufacturers' profitability is good, and previously shut - down enterprises are actively resuming production. The supply is on an accelerating upward trend, which suppresses the prices of the two products. On the other hand, due to the approaching September 3rd parade, steel mills have received production restriction notices, which will affect the daily output of hot metal by about 100,000 tons. The short - term demand for the two products in steelmaking is affected. In the futures market, the increasing hedging demand of enterprises may suppress the futures prices [5]