永安期货铁合金早报-20251016

Report Information - Report Title: Ferroalloy Morning Report - Date: October 16, 2025 1. Report Industry Investment Rating - No information provided in the given content. 2. Report Core View - No clear core view is presented in the provided content. The report mainly offers price, supply, demand, inventory, and cost - profit data of ferroalloys such as ferrosilicon and ferromanganese. 3. Summary by Relevant Catalogs Price - Ferrosilicon: The latest prices of different grades and regions vary. For example, the price of Ningxia 72 ferrosilicon natural block is 5130 yuan, with a weekly decrease of 50 yuan; the export price of Tianjin 72 ferrosilicon is 1050 US dollars, with a daily increase of 15 US dollars and a weekly increase of 25 US dollars [2]. - Ferromanganese: The latest price of Inner Mongolia 6517 ferromanganese is 5680 yuan, with a daily increase of 30 yuan; the price of Guangxi 6517 ferromanganese is 5700 yuan, with no change [2]. Supply - Ferrosilicon: The production data of 136 ferrosilicon enterprises in China shows the monthly and weekly production trends from 2021 - 2025. The capacity utilization rates of Inner Mongolia, Ningxia, and Shaanxi also have corresponding trends [4]. - Ferromanganese: The weekly production of ferromanganese in China from 2021 - 2025 is presented, and the procurement prices and quantities of Hebei Iron and Steel Group for ferromanganese are also provided [6]. Demand - For ferrosilicon, factors such as the production of crude steel, stainless - steel, and metal magnesium, as well as the procurement volume of Hebei Iron and Steel Group, affect its demand. For ferromanganese, the demand in China is also related to the production of crude steel, and the demand data from 2021 - 2025 is given [4][7]. Inventory - Ferrosilicon: The inventory data of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi shows the weekly inventory trends from 2021 - 2025. The warehouse receipt quantity, effective forecast, and the sum of them are also provided [5]. - Ferromanganese: The inventory data of 63 sample enterprises in China, the warehouse receipt quantity, effective forecast, and the sum of them, as well as the inventory average available days in China, are presented with trends from 2021 - 2025 [7]. Cost and Profit - Ferrosilicon: The cost mainly includes electricity prices in different regions and the market price of semi - coke. The profit data includes the profit of ferrosilicon in Ningxia and Inner Mongolia after converting to the main contract and the spot profit [5]. - Ferromanganese: The profit data of ferromanganese in Inner Mongolia, Guangxi, the northern region, and the southern region from 2021 - 2025 is provided, as well as the profit of Guangxi ferromanganese after converting to the main contract [7].