永安期货铁合金早报-20250929

1. Report Industry Investment Rating - There is no information provided regarding the report industry investment rating in the given content. 2. Core Viewpoint - There is no clear core viewpoint presented in the provided documents. 3. Summary by Relevant Catalogs Price - For silicon iron, on September 29, 2025, the latest prices of Ningxia 72 and Inner Mongolia 72 were 5330 and 5380 respectively, with daily changes of 0 and weekly changes of -20 and 30. The latest prices of the main contract and 01 contract were 5660 and 5628, with daily changes of -126 and -108, and weekly changes of -76 and -108 [1]. - For silicon manganese, on the same day, the latest prices of Inner Mongolia 6517, Ningxia 6517, and Guangxi 6517 were 5700, 5660, and 5730 respectively, with daily changes of 0 and weekly changes of -30, -40, and -20. The latest price of the main contract was 5848, with a daily change of -90 and a weekly change of -116 [1]. Supply - The production data of 136 silicon iron enterprises in China from 2021 - 2025 are presented, including monthly production, weekly production (capacity ratio 95%), and monthly capacity utilization rates in Inner Mongolia, Ningxia, and Shaanxi [4]. - The production data of silicon manganese in China from 2021 - 2025 are also given, including weekly production, monthly procurement prices and quantities by HeSteel Group, and the weekly and annual enterprise start - up rates [6]. Demand - The demand - related data of silicon iron and silicon manganese from 2021 - 2025 are provided, such as the estimated monthly production of crude steel in China, the demand for silicon manganese in China (Steel Union caliber), and the procurement volume of FeSi75 - B by HeSteel Group [4][6][7]. Inventory - The inventory data of 60 sample silicon iron enterprises in China from 2021 - 2025 are shown, including weekly inventory in China, Ningxia, Inner Mongolia, and Shaanxi, as well as daily CZCE silicon iron warehouse receipt quantity, effective forecast, and the sum of warehouse receipts and effective forecasts [5]. - The inventory data of silicon manganese from 2021 - 2025 are also presented, including daily CZCE silicon manganese warehouse receipt quantity, effective forecast, and the sum of warehouse receipts and effective inventory, as well as the weekly inventory of 63 sample enterprises in China [7]. Cost and Profit - The cost - profit data of silicon iron from 2021 - 2025 are provided, including electricity prices in different regions, the market price of blue carbon, the production profit of blue carbon, and the production cost, profit on the main contract, and spot profit of silicon iron in Ningxia and Inner Mongolia [5]. - The cost - profit data of silicon manganese from 2021 - 2025 are also given, including the profit in Inner Mongolia and Guangxi (Steel Union caliber), and the profit on the main contract in Guangxi and Ningxia [7].