硅铁：板块情绪冲击，底部震荡，锰硅，海外矿企报价坚挺，宽幅震荡

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints - The silicon iron market is experiencing bottom - range fluctuations due to sector sentiment shocks, while the manganese silicon market is in wide - range fluctuations as overseas mining companies maintain firm price quotes [1]. - The trend intensity of both silicon iron and manganese silicon is 0, indicating a neutral outlook [3]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Data: The closing prices of silicon iron 2603 and 2605 are 5444 and 5406 respectively, down 30 from the previous trading day; the closing prices of manganese silicon 2603 and 2605 are 5736 and 5776 respectively, down 22 and 20 from the previous trading day. The trading volumes and open interests of each contract are also provided [1]. - Spot Data: The price of silicon iron FeSi75 - B in Inner Mongolia is 5150 yuan/ton, down 20; the price of silicon manganese FeMn65Si17 in Inner Mongolia is 5530 yuan/ton; the price of manganese ore Mn44 block is 43.5 yuan/ton - degree; the price of semi - coke small material in Shenmu is 820 yuan/ton [1]. - Price Differences: The spot - futures spread of silicon iron (spot - 03 futures) is - 294 yuan/ton, up 10; the spot - futures spread of manganese silicon (spot - 03 futures) is - 206 yuan/ton, up 22. The near - far month spread of silicon iron 2603 - 2605 is 38 yuan/ton, unchanged; the near - far month spread of manganese silicon 2603 - 2605 is - 40 yuan/ton, down 2. The cross - variety spread of manganese silicon 2603 - silicon iron 2603 is 292 yuan/ton, up 8; the cross - variety spread of manganese silicon 2605 - silicon iron 2605 is 370 yuan/ton, up 10 [1]. 3.2 Macro and Industry News - Silicon Iron and Manganese Silicon Prices: On December 8, the prices of 72 silicon iron in different regions were reported, with some prices down 25 yuan/ton. The prices of 75 silicon iron and silicon manganese 6517 in different regions were also provided. The FOB prices of 72 and 75 silicon iron decreased [2]. - Manganese Ore Quotes: Joint Mining (CML) and Comilog announced their January 2026 quotes for China, with both up 0.2 US dollars/ton - degree compared to the previous month [2][3]. - Steel Group Procurement: Hegang's December silicon iron inquiry price is 5600 yuan/ton, down 80 yuan/ton from November, with the quantity increased by 34 tons to 2750 tons. A large steel group in Hebei reduced its December silicon manganese procurement by 1300 tons to 14700 tons [3].