永安期货铁合金早报-20251210

Report Information - Report Date: December 10, 2025 [1] - Report Type: Ferroalloy Morning Report Core Insights - The report presents the latest prices, price changes, and related data of ferroalloys such as ferrosilicon and ferromanganese, including spot prices, futures prices, basis, and spreads, to provide a comprehensive view of the ferroalloy market [2]. Summary by Category 1. Price - Ferrosilicon: Different regions have varying spot prices, with the latest prices for 72% ferrosilicon in Ningxia at 5100, Inner Mongolia at 5120, and Qinghai at 5150. Futures prices also show differences among different contracts, and there are changes in basis and spreads [2]. - Ferromanganese: The latest factory - ex prices for 6517 ferromanganese in Inner Mongolia, Ningxia, and other regions are 5510, 5490, etc. Futures prices and related basis and spreads also have specific values and changes [2]. 2. Supply - Ferrosilicon: The production volume and capacity utilization of 136 ferrosilicon enterprises in China are presented, and there are also data on production in different regions such as Inner Mongolia, Ningxia, and Shaanxi [4]. - Ferromanganese: The weekly production volume of ferromanganese in China is provided, along with procurement prices and quantities from Hebei Iron and Steel Group [6]. 3. Demand - Ferrosilicon: The demand is related to industries such as steelmaking and metal magnesium production. Data on the production of crude steel, stainless - steel crude steel, and metal magnesium are presented, which can reflect the demand for ferrosilicon [4]. - Ferromanganese: The demand for ferromanganese in China is shown, and it is also related to the steel industry, with data on crude steel production and ferromanganese procurement by Hebei Iron and Steel Group [6][7]. 4. Inventory - Ferrosilicon: The inventory data of 60 sample enterprises in China, including inventory in different regions such as Ningxia, Inner Mongolia, and Shaanxi, as well as warehouse receipt data and effective forecasts, are provided [5]. - Ferromanganese: The inventory data of 63 sample enterprises in China, warehouse receipt data, and effective forecasts are presented, along with the inventory average available days in China [7]. 5. Cost and Profit - Ferrosilicon: The cost is related to electricity prices and raw material prices such as semi - coke. Profit data include production profit, export profit, and profit after converting to the main futures contract in regions like Ningxia and Inner Mongolia [5]. - Ferromanganese: The profit data in different regions such as Inner Mongolia, Guangxi, the northern and southern regions are presented, along with the profit after converting to the main futures contract in Guangxi and Ningxia [7].