硅铁：资金情绪博弈，宽幅震荡

Report Summary Investment Rating - No investment rating for the industry is provided in the report. Core Viewpoint - The market for silicon iron and manganese silicon is characterized by capital - sentiment games and wide - range fluctuations [1]. Detailed Summaries Macro and Industry News - On September 23, the price range of 72 silicon iron was 5200 - 5300 yuan/ton in Shaanxi, 5400 - 5450 yuan/ton in Ningxia, etc.; 75 silicon iron prices increased, with a 20 - dollar/ton increase in FOB price for 75. Silicon manganese 6517 had different price changes in the north and south. The northern price was 5650 - 5750 yuan/ton (-50), and the southern price was 5750 - 5800 yuan/ton (+50) [1]. - Zhongtian Iron and Steel in Changzhou set the silicon iron purchase price at 5850 yuan/ton, 50 yuan/ton lower than the previous round, with a quantity of 600 tons [1]. Trend Intensity - The trend intensity of silicon iron is 0, and that of manganese silicon is also 0 [1]. Fundamental Data - For silicon iron futures contracts: the closing price of SiFe2511 was 5698 with a change of 5 compared to the previous trading day, and the volume was 244,716 with a position of 187,402; for SiFe2601, the closing price was 5666 with a change of 2, volume of 67,451, and position of 101,301 [2]. - For manganese silicon futures contracts: the closing price of MnSi2511 was 5864 with a change of 14 compared to the previous trading day, and the volume was 89,016 with a position of 93,273; for MnSi2601, the closing price was 5882 with a change of 12, volume of 246,470, and position of 335,174 [2]. - The spot - futures price differences, near - far month price differences, and cross - variety price differences for silicon iron and manganese silicon are also provided in the report [2].