永安期货铁合金早报-20251104

Report Title - Iron Alloy Morning Report [1] Report Date - November 4, 2025 [2] Price Information Silicon Ferrosilicon - Spot prices vary by region and grade, e.g., Ningxia 72 is 5150 yuan, with a daily change of -30 yuan and a weekly change of -20 yuan; Tianjin 72 export price is 1055 US dollars, with no daily or weekly change [2] - Futures prices also show different trends for different contracts, such as the main contract at 5526 yuan, up 26 yuan daily and down 38 yuan weekly [2] - Basis, spreads between different contracts, and the spread between silicon ferrosilicon and silicon manganese are provided [2] Silicon Manganese - Spot prices vary by region, e.g., Inner Mongolia 6517 is 5650 yuan, down 10 yuan daily and 30 yuan weekly; the main futures contract is 5794 yuan, up 22 yuan daily and down 8 yuan weekly [2] - Similar to silicon ferrosilicon, basis, spreads between different contracts are presented [2] Historical Price Trends - Multiple charts show the historical price trends of silicon ferrosilicon and silicon manganese in different regions, including market prices, export and import prices, and basis, from 2021 to 2025 [3][4][6] Supply - Related Information Silicon Ferrosilicon - Production data includes monthly and weekly production volumes of 136 sample enterprises in China, and capacity utilization rates in Inner Mongolia, Ningxia, and Shaanxi [4] - Export prices at Tianjin Port for different grades are shown over the years [4] Silicon Manganese - Production data includes weekly production volumes in China and purchasing volumes and prices from HeSteel Group [6] - The opening rate of silicon manganese enterprises in China is also provided [6] Demand - Related Information - Demand - related data includes estimated and actual production volumes of crude steel in China, production volumes of stainless - steel crude steel, production and price data of metal magnesium, and the opening rate of 87 independent electric arc furnace steel mills in China [4] - The demand volume of silicon manganese in China is presented [4][7] Inventory - Related Information Silicon Ferrosilicon - Inventory data includes weekly inventories of 60 sample enterprises in China and different regions, as well as daily warehouse receipt quantities, effective forecasts, and the sum of warehouse receipts and effective forecasts [5] - Average available inventory days in different regions of China are provided [5] Silicon Manganese - Inventory data includes daily warehouse receipt quantities, effective forecasts, and the sum of warehouse receipts and effective forecasts, as well as weekly inventories of 63 sample enterprises in China [7] - Average available inventory days in China are presented [7] Cost and Profit - Related Information Silicon Ferrosilicon - Cost - related data includes electricity prices in different regions, market prices of raw materials such as blue charcoal and silica dioxide [5] - Profit data includes production costs, profits from converting to the main futures contract, and spot profits in Ningxia and Inner Mongolia [5] Silicon Manganese - Cost - related data includes prices of raw materials such as chemical coke and manganese ore [6] - Profit data includes profits in Inner Mongolia, Guangxi, and different regions in China, as well as profits from converting to the main futures contract [7]