永安期货铁合金早报-20251205

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 December 5, 2025, the latest price of Ningxia 72 silicon ferroalloy natural block was 5100, unchanged from the previous day and week; the latest price of Inner Mongolia 72 was 5170, unchanged from the previous day but up 50 from the previous week. The export price of Tianjin 72 silicon ferroalloy was 1020 US dollars, down 10 from the previous day and unchanged from the previous week [2]. - For silicon - manganese alloy, on December 5, 2025, the latest ex - factory price of Inner Mongolia 6517 was 5530, unchanged from the previous day but up 30 from the previous week; the latest price of Ningxia 6517 was 5520, unchanged from the previous day but up 40 from the previous week [2]. Supply - The production data of 136 silicon ferroalloy enterprises in China from 2021 - 2025 are presented, including monthly production volume, weekly production volume (with a capacity share of 95%), and monthly capacity utilization rates in Inner Mongolia, Ningxia, and Shaanxi [4]. - The production data of silicon - manganese alloy in China from 2021 - 2025 are shown, including weekly production volume, and procurement prices and quantities of Hebei Steel Group [6]. Demand - The demand data of silicon - manganese alloy in China from 2021 - 2025 are provided, including the demand volume (in ten thousand tons, according to the Steel Union's caliber), and the relationship with the estimated and actual production volume of crude steel in China [4][7]. - The demand - related data of silicon ferroalloy are related to the production of crude steel, stainless steel, and the procurement of Hebei Steel Group [4]. Inventory - The inventory data of 60 sample silicon ferroalloy enterprises in China from 2021 - 2025 are presented, including the total inventory in China, and the inventory in Ningxia, Inner Mongolia, and Shaanxi on a weekly basis. Also, data on the number of warehouse receipts, effective forecasts, and the sum of them are provided [5]. - The inventory data of silicon - manganese alloy from 2021 - 2025 are shown, including the total number of warehouse receipts, effective forecasts, and the sum of inventory, as well as the inventory of 63 sample enterprises in China on a weekly basis [7]. Cost and Profit - For silicon ferroalloy, the cost - related data such as electricity prices in Inner Mongolia, Qinghai, Ningxia, and Shaanxi, and the market price of semi - coke in Shaanxi from 2021 - 2025 are provided. Also, the production cost and profit data in Ningxia and Inner Mongolia are presented [5]. - For silicon - manganese alloy, the cost - related data such as the ex - factory price of chemical coke in Ordos, and the summary prices of various manganese ores from 2021 - 2025 are provided. The profit data in Inner Mongolia, Guangxi, the northern and southern regions are also shown [6][7].