大越期货锰硅早报-20250922

Report Industry Investment Rating No information provided in the content. Core View of the Report - The sentiment in the silicomanganese alloy market has changed significantly, while the basic supply and demand have shown no obvious fluctuations. Recently, there have been many macro - level news such as the Fed's interest rate cut and anti - involution meetings, and the sentiment in the silicomanganese market is relatively positive. The price rose slightly last week. The price of manganese ore in the future still needs to pay attention to macro news and the trend of the silicomanganese futures market; it is considered neutral. - The spot price is 5,820 yuan/ton, and the basis of the 01 contract is - 144 yuan/ton, indicating that the spot is at a discount to the futures; it is considered bearish. - The inventory of 63 independent silicomanganese enterprises in the country is 221,800 tons, and the average available days of inventory for 50 steel mills in the country is 15.49 days; it is considered neutral. - The MA20 is downward, and the futures price of the 01 contract is above the MA20; it is considered neutral. - The net position of the main players is short, and the short positions are increasing; it is considered bearish. - It is expected that the price of silicomanganese will fluctuate this week, and the SM2601 will fluctuate between 5,850 - 6,020 yuan/ton [3]. Summary by Relevant Catalogs I. Manganese Silicon Supply - Capacity: There is a chart showing the monthly capacity of silicomanganese enterprises in China [7]. - Annual Output: There is a chart presenting the annual output of silicomanganese in regions like Guangxi, Guizhou, Inner Mongolia, Ningxia, Yunnan, other areas, and the whole country [8]. - Weekly, Monthly Output and Operating Rate: There is a chart showing the weekly and monthly output of silicomanganese in China and the weekly operating rate of silicomanganese enterprises in China [11]. - Regional Output: There are charts about the monthly output of Inner Mongolia, Ningxia, and Guizhou, and the daily average output of Inner Mongolia, Ningxia, Guizhou, and Guangxi [13]. II. Manganese Silicon Demand - Steel Tender Purchase Price: There is a chart showing the monthly purchase prices of silicomanganese 6517 by enterprises such as Baoshan Iron & Steel Co., Ltd., Baowu Egang, Chengde Jianlong, etc. [16]. - Daily Average Hot Metal and Profitability: There is a chart presenting the weekly daily average hot metal output of 247 steel enterprises in China and their weekly profitability [18]. III. Manganese Silicon Import and Export - There is a chart showing the monthly import and export volumes of ferromanganese silicon in China [20]. IV. Manganese Silicon Inventory - There is a chart showing the weekly inventory of 63 sample silicomanganese enterprises in China, the monthly average available days of inventory in China, the monthly average available days of inventory in the northern region, and the monthly average available days of inventory in the eastern region [22]. V. Manganese Silicon Cost - Manganese Ore Import Volume: There is a chart showing the monthly import volume of manganese ore by trade method, the monthly import volume of manganese ore from Gabon to China, the monthly import volume of manganese ore from southern Africa to China, and the monthly import volume of manganese ore from Australia to China [24]. - Manganese Ore Port Inventory and Available Days: There are charts showing the weekly port inventory of manganese ore in China, in Qinzhou Port, and in Tianjin Port, as well as the weekly average available days of manganese ore inventory in China [26]. - High - grade Manganese Ore Port Inventory: There is a chart showing the weekly port inventory of high - grade manganese ore in Qinzhou Port and Tianjin Port from different origins such as Australia, Gabon, and Brazil [28]. - Tianjin Port Manganese Ore Price: There is a chart showing the daily prices of different types of manganese ore in Tianjin Port, including South African semi - carbonated manganese lumps, Australian manganese ore, and Gabonese manganese lumps [29]. - Regional Cost: There is a chart showing the daily cost of silicomanganese in regions such as Inner Mongolia, the northern region, Ningxia, the southern region, and Guangxi [30]. VI. Manganese Silicon Profit - There is a chart showing the daily profit of silicomanganese in regions such as the northern region, the southern region, Inner Mongolia, Ningxia, and Guangxi [32].