硅铁：成本底部支撑，宽幅震荡，锰硅，成本底部支撑，宽幅震荡

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The price trends of ferrosilicon and silicomanganese are characterized by cost bottom - support and wide - range fluctuations. The trend strength of ferrosilicon and silicomanganese is both 0, indicating a neutral outlook [2][4]. 3. Summary by Directory 3.1 Fundamental Tracking - Futures Data - Ferrosilicon 2511: Closing price is 5376, down 2 from the previous trading day, with a trading volume of 82,305 and an open interest of 62,164. Ferrosilicon 2601: Closing price is 5352, up 30, trading volume is 109,840, and open interest is 189,336. - Silicomanganese 2511: Closing price is 5732, up 6, trading volume is 9,208, and open interest is 15,602. Silicomanganese 2601: Closing price is 5746, up 8, trading volume is 166,961, and open interest is 372,302 [2]. - Spot Data - Ferrosilicon FeSi75 - B in Inner Mongolia has a price of 5180 yuan/ton, up 30 yuan/ton from the previous trading day. Silicomanganese FeMn65Si17 in Inner Mongolia is priced at 5680 yuan/ton, up 30 yuan/ton. Manganese ore Mn44 block is 39.8 yuan/ton - degree, and semi - coke small material in Shenmu is 710 yuan/ton [2]. - Price Difference Data - The spot - futures price difference of ferrosilicon is - 196 yuan/ton, up 32 yuan/ton; that of silicomanganese is - 66 yuan/ton, up 24 yuan/ton. - The near - far month price difference of ferrosilicon 2511 - 2601 is 24 yuan/ton, down 32 yuan/ton; that of silicomanganese 2511 - 2601 is - 14 yuan/ton, down 2 yuan/ton. - The cross - variety price difference of silicomanganese 2511 - ferrosilicon 2511 is 356 yuan/ton, up 8 yuan/ton; that of silicomanganese 2601 - ferrosilicon 2601 is 394 yuan/ton, down 22 yuan/ton [2]. 3.2 Macro and Industry News - On October 14, the price of 72 ferrosilicon in Shaanxi, Ningxia, and Gansu was in the range of 5100 - 5250 yuan/ton, while in Qinghai it was 5100 - 5200 yuan/ton (down 50 yuan/ton). The price of 75 ferrosilicon in Shaanxi, Gansu, and Inner Mongolia was 5850 - 6000 yuan/ton, while in Ningxia and Qinghai it decreased by 50 yuan/ton. The FOB price of 72 ferrosilicon was 1040 - 1060 dollars/ton (down 10 dollars/ton), and that of 75 was 1110 - 1140 dollars/ton (down 10 dollars/ton). The price of 6517 silicomanganese in the north was 5600 - 5700 yuan/ton, and in the south it was 5650 - 5750 yuan/ton [2]. - A northern representative steel mill's October ferrosilicon inquiry price was 5600 yuan/ton (compared to 5800 yuan/ton in September), and the October silicomanganese tender inquiry price was 5750 yuan/ton, 250 yuan/ton lower than the September price. Industry insiders predict that the final price of large mills may increase by 100 - 150 yuan/ton [2][4]. 3.3 Trend Strength - The trend strength of ferrosilicon and silicomanganese is 0, indicating a neutral stance. The range of trend strength is an integer within the [- 2,2] interval, where - 2 represents the most bearish view and 2 represents the most bullish view [4].