永安期货铁合金早报-20251021

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Relevant Catalogs Price - For silicon ferroalloy, on October 21, 2025, the latest price of Ningxia 72 silicon ferroalloy natural block was 5130, with no daily or weekly change; the factory - price converted to the futures price was 5430, and the main contract price was 5436, with a daily increase of 6 and a weekly increase of 30 [2]. - The export price of Tianjin 72 silicon ferroalloy was 1060 US dollars, with no daily change but a weekly increase of 25 [2]. - For silicon manganese, the factory - price of Inner Mongolia 6517 silicon manganese was 5700, with a daily increase of 20 and a weekly increase of 50; the main contract price was 5738, with a daily increase of 20 and a weekly decrease of 8 [2]. Supply - The monthly production of 136 silicon ferroalloy enterprises in China from 2021 - 2025 is presented, with the production volume fluctuating over time [5]. - The weekly production of 136 silicon ferroalloy enterprises in China (with a capacity share of 95%) from 2021 - 2025 is also shown, and the capacity utilization rate of these enterprises in Inner Mongolia, Ningxia, and Shaanxi varies monthly [5]. - The weekly production of silicon manganese in China from 2021 - 2025 is provided, and the procurement volume and price of Hebei Iron and Steel Group for silicon manganese 6517 also change monthly [7]. Demand - The estimated monthly production of crude steel in China from 2021 - 2025 is given, which reflects the demand for ferroalloys in the steel - making industry [5]. - The demand for silicon manganese in China (according to the Steel Union's caliber) from 2021 - 2025 is shown, with the demand volume gradually increasing [8]. Inventory - The weekly inventory of 60 sample silicon ferroalloy enterprises in China, Ningxia, Inner Mongolia, and Shaanxi from 2021 - 2025 is presented, and the inventory levels vary in different regions and over time [6]. - The daily inventory - related data of silicon manganese, including the total number of warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts, from 2021 - 2025 are provided, along with the inventory of 63 sample silicon manganese enterprises in China (weekly, in tons) [6][8]. Cost and Profit - The electricity prices of ferroalloys in Qinghai, Ningxia, Shaanxi, and Inner Mongolia from 2021 - 2025 are shown, which are important cost factors for ferroalloy production [6]. - The market price of semi - coke small materials in Shaanxi, the starting rate of semi - coke in China, and the production profit of semi - coke in China from 2021 - 2025 are presented, which are related to the cost of silicon ferroalloy production [6]. - The production cost, profit converted to the main futures contract, and spot profit of silicon ferroalloy in Ningxia and Inner Mongolia from 2021 - 2025 are provided, and the profit situation of silicon manganese in Inner Mongolia, Guangxi, and other regions from 2021 - 2025 is also shown [6][8].