大越期货锰硅周报-20251110

Report Title - Manganese Silicon Weekly Report (11.3 - 11.7) [1] Core Viewpoints - From the cost side, the third round of coke price hikes has been implemented and prices are stable after the increase, while the manganese ore market is showing a strong trend, making the cost side of silicon manganese relatively firm. In the northern region, after the second round of coke price hikes in late October, freight rates in the main production areas of Inner Mongolia have increased. In Ningxia, due to the decline in electricity prices last month, the overall cost gap with the main production areas in Inner Mongolia has decreased. [2] - From the supply side, in early November, the silicon manganese market continued the weak and volatile trend of October. In November, the wait - and - see sentiment in both the north and south regions is still strong. In the northern region, there are planned new silicon manganese production capacities, but the specific ignition time depends on the market situation. Currently, northern enterprises mainly focus on fulfilling steel procurement orders and futures warehouse receipts, with a low willingness to quote for retail. In the southern region, the dry season has officially begun, and the electricity price in Yunnan has increased significantly, leading to production cuts in alloy plants. [2] - From the demand side, steel mills will conduct concentrated maintenance in mid - to - late November, with an estimated reduction in production, which may reduce the demand for silicon manganese alloy. Overall, the current silicon manganese market shows a weak and volatile pattern, and the most important factor to watch in November is the impact of steel mill production cuts on the demand for silicon manganese alloy. It is expected that the market will continue to fluctuate in the short term. [2] Summary by Directory Manganese Silicon Supply - Capacity: The document presents the monthly capacity of Chinese silicon manganese enterprises [6][7] - Annual Production: It shows the annual production of silicon manganese in Guangxi, Guizhou, Inner Mongolia, Ningxia, Yunnan, other regions, and the whole of China [8][9] - Weekly, Monthly Production and Operating Rate: The weekly and monthly production of Chinese silicon manganese and the weekly operating rate of Chinese silicon manganese enterprises are presented [10][11] - Regional Production: It includes the monthly production of Inner Mongolia, Ningxia, and Guizhou, as well as the daily average production of Inner Mongolia, Ningxia, Guizhou, and Guangxi [12][13] Manganese Silicon Demand - Steel Procurement Price: The monthly procurement prices of silicon manganese 6517 by various steel enterprises such as Baosteel, Baowu Egang, and others are shown [15][16] - Daily Average Hot Metal and Profit: The weekly daily average hot metal production and profitability of 247 Chinese steel enterprises are presented [17][18] Manganese Silicon Import and Export - The monthly import and export volumes of Chinese silicon manganese iron are presented [19][20] Manganese Silicon Inventory - The weekly inventory of 63 sample silicon manganese enterprises in China, and the monthly average available inventory days in China, the northern region, and the eastern region are presented [21][22] Manganese Silicon Cost - Manganese Ore Import Volume: The monthly import volumes of manganese ore from different sources and trade methods are presented [23][24] - Manganese Ore Port Inventory and Available Days: The weekly port inventory of manganese ore in China, Qinzhou Port, and Tianjin Port, as well as the weekly average available inventory days in China are presented [25][26] - High - Grade Manganese Ore Port Inventory: The weekly port inventory of high - grade manganese ore from different origins in Qinzhou Port and Tianjin Port is presented [27][28] - Tianjin Port Manganese Ore Price: The daily price of different types of manganese ore in Tianjin Port is presented [29] - Regional Cost: The daily cost of silicon manganese in Inner Mongolia, the northern region, Ningxia, the southern region, and Guangxi is presented [30][31] Manganese Silicon Profit - The daily profit of silicon manganese in the northern region, southern region, Inner Mongolia, Ningxia, and Guangxi is presented [32][33]