永安期货铁合金早报-20251024

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Related Catalogs Price - For silicon ferroalloy, on October 24, 2025, the latest price of Ningxia 72 silicon ferroalloy natural block was 5180 yuan, unchanged from the previous day and up 50 yuan from the previous week; the latest price of Inner Mongolia 72 was 5200 yuan, unchanged from the previous day and up 20 yuan from the previous week; the latest price of Qinghai 72 was 5200 yuan, up 30 yuan from the previous day and up 50 yuan from the previous week; the latest price of Shaanxi 72 was 5200 yuan, unchanged from the previous day and up 100 yuan from the previous week; the latest price of Shaanxi 75 was 5800 yuan, unchanged from the previous day and down 300 yuan from the previous week. The latest price of Jiangsu 72 silicon ferroalloy qualified block was 5650 yuan, up 50 yuan from the previous day and up 80 yuan from the previous week; the latest price of Tianjin 72 (trader price) was 5650 yuan, unchanged from the previous day and the previous week. The latest price of Tianjin 72 silicon ferroalloy export was 1055 US dollars, unchanged from the previous day and down 5 US dollars from the previous week; the latest price of Tianjin 75 was 1105 US dollars, unchanged from the previous day and down 5 US dollars from the previous week [2]. - For silicon manganese, on October 24, 2025, the latest price of Inner Mongolia 6517 silicon manganese (factory - ex price) was 5680 yuan, unchanged from the previous day and the previous week; the latest price of Ningxia 6517 was 5580 yuan, unchanged from the previous day and down 20 yuan from the previous week; the latest price of Guangxi 6517 was 5650 yuan, unchanged from the previous day and the previous week; the latest price of Guizhou 6517 was 5600 yuan, unchanged from the previous day and the previous week; the latest price of Yunnan 6517 was 5600 yuan, unchanged from the previous day and the previous week; the latest price of Guangxi 6014 was 5100 yuan, unchanged from the previous day and the previous week. The latest price of Ningxia 6517 silicon manganese (trader price) was 5580 yuan, unchanged from the previous day and down 20 yuan from the previous week; the latest price of Jiangsu 6517 was 5750 yuan, unchanged from the previous day and up 50 yuan from the previous week [2]. Supply - For silicon ferroalloy, the content shows the production data of 136 silicon ferroalloy enterprises in China, including monthly production, weekly production (with a capacity - share of 95%), and the capacity utilization rate of 136 silicon ferroalloy production enterprises in Inner Mongolia, Ningxia, and Shaanxi on a monthly basis from 2021 - 2025 [4]. - For silicon manganese, the content shows the weekly production data of silicon manganese in China from 2021 - 2025, as well as the procurement price and quantity of silicon manganese 6517 by Hebei Iron and Steel Group on a monthly basis [6]. Demand - For silicon ferroalloy, the demand - related data includes China's estimated and revised monthly production of crude steel, the production of magnesium metal, the production of stainless - steel crude steel, the procurement volume and price of FeSi75 - B by Hebei Iron and Steel Group, and the export volume of silicon ferroalloy from 2021 - 2025 [4]. - For silicon manganese, the demand - related data includes China's estimated and revised monthly production of crude steel, the demand for silicon manganese in China (according to Steel Union's data), and the export volume of silicon manganese from 2021 - 2025 [4][7]. Inventory - For silicon ferroalloy, the inventory data includes the weekly inventory of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi, the daily total number of warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts on the CZCE from 2021 - 2025. It also shows the monthly average available inventory days in East China, South China, and the North region, as well as the daily average available inventory days in China [5]. - For silicon manganese, the inventory data includes the daily total number of warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts on the CZCE, the daily single - sided trading position, the weekly inventory of 63 sample enterprises in China, and the monthly average available inventory days in China from 2021 - 2025 [7]. Cost and Profit - For silicon ferroalloy, the cost - related data includes electricity prices in Inner Mongolia, Qinghai, Ningxia, and Shaanxi, the market price of small - sized semi - coke in Shaanxi, the market price of 98% silica in the Northwest region, and the market price of 70% Fe iron oxide scale in Shijiazhuang. The profit - related data includes the production cost, the profit after converting to the main contract, and the spot profit of silicon ferroalloy in Ningxia, as well as the production cost and the profit after converting to the main contract of silicon ferroalloy in Inner Mongolia, and the export profit of 75 silicon ferroalloy from 2021 - 2025 [5]. - For silicon manganese, the profit - related data includes the profit of silicon manganese in Inner Mongolia, Guangxi, the North region, and the South region (according to Steel Union's data), the profit after converting to the main contract of silicon manganese in Guangxi and Ningxia from 2021 - 2025 [7].