永安期货铁合金早报-20251118

Report Industry Investment Rating - No relevant information provided Core Viewpoints - No core viewpoints explicitly stated in the provided content Summary by Directory Price - For silicon ferroalloy on November 18, 2025, the latest prices of Ningxia 72 and Inner Mongolia 72 were 5150 and 5200 respectively, with daily changes of 0 and weekly changes of 0 and -20. The factory - price converted to the futures market was 5450 and 5550. The main contract price was 5566, with a daily change of 76 and a weekly change of -22 [2]. - The export price of Tianjin 72 silicon ferroalloy was 1030 US dollars, with a daily and weekly change of -15; Tianjin 75 was 1080 US dollars, with a daily and weekly change of -20 [2]. - For silicon manganese, the factory - ex prices of Inner Mongolia 6517, Ningxia 6517, Guangxi 6517, Guizhou 6517, and Yunnan 6517 were 5600, 5550, 5600, 5580, and 5580 respectively. The main contract price was 5792, with a daily change of 44 and a weekly change of -28 [2]. Supply - There are historical data charts on the production, capacity utilization rate of 136 silicon ferroalloy enterprises in China, and the production of silicon manganese in China, which can reflect the supply situation of the iron alloy industry over the years [4][6]. Demand - There are data on the demand for silicon manganese in China (Steel Union's data), the production of crude steel and stainless - steel in China, and the procurement volume and price of silicon ferroalloy and silicon manganese by Hebei Iron and Steel Group, which can reflect the demand side of the iron alloy industry [4][6][7]. Inventory - For silicon ferroalloy, there are data on the inventory of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi, as well as the warehouse receipt quantity, effective forecast, and the sum of warehouse receipts and effective forecasts [5]. - For silicon manganese, there are data on the warehouse receipt quantity, effective forecast, and the sum of warehouse receipts and effective forecasts, as well as the inventory of 63 sample enterprises in China and the inventory average available days in China [7]. Cost and Profit - For silicon ferroalloy, there are data on electricity prices in different regions, the market price of semi - coke, semi - coke production profit, and the production cost and profit of silicon ferroalloy in Ningxia and Inner Mongolia [5]. - For silicon manganese, there are data on the profit of silicon manganese in Inner Mongolia, Guangxi, the northern and southern regions, and the profit of silicon manganese converted to the main futures contract in Guangxi and Ningxia [7].