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硅铁:宏观情绪提振,偏强震荡
Guo Tai Jun An Qi Huo·2025-09-16 01:47

Report Overview - The report focuses on the market conditions of ferrosilicon and silicomanganese on September 16, 2025, including fundamental data, macro and industry news, and trend strength [1]. 1. Fundamental Data Futures Data - The closing prices of ferrosilicon 2511 and 2601 are 5700 and 5660 respectively, with increases of 92 and 86 compared to the previous trading day. Their trading volumes are 200,143 and 61,942, and the open interests are 213,259 and 94,956 [1]. - The closing prices of silicomanganese 2511 and 2601 are 5894 and 5906 respectively, with increases of 72 and 74 compared to the previous trading day. Their trading volumes are 100,883 and 184,056, and the open interests are 118,581 and 327,726 [1]. Spot Data - The price of ferrosilicon FeSi75 - B in Inner Mongolia is 5300 yuan/ton, up 20 yuan/ton from the previous trading day. The price of silicomanganese FeMn65Si17 in Inner Mongolia is 5680 yuan/ton, up 30 yuan/ton [1]. - The price of manganese ore Mn44 block is 39.8 yuan/ton - degree, down 0.2 yuan/ton - degree. The price of semi - coke small material in Shenmu is 650 yuan/ton [1]. Spread Data - The spot - futures spread of ferrosilicon (spot - 11 futures) is - 400 yuan/ton, down 72 yuan/ton. The spot - futures spread of silicomanganese (spot - 01 futures) is - 226 yuan/ton, down 42 yuan/ton [1]. - The near - far month spread of ferrosilicon 2511 - 2601 is 40 yuan/ton, up 6 yuan/ton. The near - far month spread of silicomanganese 2511 - 2601 is - 12 yuan/ton, down 2 yuan/ton [1]. - The cross - variety spread of silicomanganese 2511 - ferrosilicon 2511 is 194 yuan/ton, down 20 yuan/ton. The cross - variety spread of silicomanganese 2601 - ferrosilicon 2601 is 246 yuan/ton, down 12 yuan/ton [1]. 2. Macro and Industry News - On September 15, the price range of 72 ferrosilicon in different regions was as follows: Shaanxi 5150 - 5250, Ningxia 5250 - 5350 (- 50), Qinghai 5200 - 5300, Gansu 5300 - 5350 (+ 50), Inner Mongolia 5250 - 5300. The price range of 75 ferrosilicon in different regions was also provided. The FOB prices of 72 and 75 ferrosilicon were 1040 - 1060 and 1100 - 1130 US dollars/ton respectively. The price range of 6517 silicomanganese in the north was 5650 - 5750 yuan/ton, and in the south was 5700 - 5800 yuan/ton [1]. - In August 2025, China's crude steel output was 7737 million tons, a year - on - year decrease of 0.7%. The daily average crude steel output in August was 249.6 million tons, a month - on - month decrease of 2.8%. From January to August, China's crude steel output was 67181 million tons, a year - on - year decrease of 2.8% [1]. - In August 2025, South Korea's silicomanganese imports were 15902 tons, a month - on - month decrease of 1738 tons (a decrease of 9.85%) and a year - on - year increase of 11.66%. The main importing countries were Malaysia (13495 tons), Vietnam (1725 tons), and Bhutan (329 tons) [2][3]. 3. Trend Strength - The trend strength of ferrosilicon is 1, and the trend strength of silicomanganese is 1. The trend strength ranges from - 2 to 2, with - 2 being the most bearish and 2 being the most bullish [3].