永安期货铁合金早报-20251212

Report Information - Report Date: December 12, 2025 [1] - Report Type: Ferroalloy Morning Report Price Summary Ferrosilicon (FeSi) - Spot prices for FeSi 72% in different regions: Ningxia at 5100 yuan, Inner Mongolia at 5120 yuan, Qinghai at 5150 yuan, and Shaanxi at 5080 yuan [2] - FeSi 75% in Shaanxi is priced at 5600 yuan [2] - Export prices for FeSi 72% and 75% in Tianjin are 1020 and 1070 US dollars respectively [2] - Futures prices for different contracts show various changes, with the main contract at 5418 yuan, showing a daily change of -16 yuan and a weekly change of -128 yuan [2] Silicomanganese (SiMn) - Spot prices for SiMn 6517 in different regions: Inner Mongolia at 5520 yuan, Ningxia at 5490 yuan, Guangxi at 5600 yuan, Guizhou at 5550 yuan, and Yunnan at 5550 yuan [2] - Futures prices for different contracts also have different changes, with the main contract at 5712 yuan, showing a daily change of -12 yuan and a weekly change of -84 yuan [2] Supply and Demand Supply - The monthly output of FeSi from 136 Chinese enterprises (with a 95% capacity share) shows trends from 2021 to 2025 [4] - The capacity utilization rates of 136 FeSi production enterprises in Inner Mongolia, Ningxia, and Shaanxi are presented from 2021 to 2025 [4] - The weekly output of SiMn in China from 2021 to 2025 is shown [6] Demand - The estimated monthly output of crude steel in China from 2021 to 2025 is given [4][7] - The monthly production of stainless - steel crude steel in China from 2021 to 2025 is presented [4] - The monthly procurement volume and price of FeSi FeSi75 - B by HeSteel Group from 2021 to 2025 are shown [4] - The monthly procurement volume and price of SiMn 6517 by HeSteel Group from 2021 to 2025 are presented [6] Inventory Ferrosilicon - The weekly inventory of 60 sample FeSi enterprises in China, Ningxia, Inner Mongolia, and Shaanxi from 2021 to 2025 is shown [5] - The daily total number of FeSi warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts on CZCE from 2021 to 2025 are presented [5] - The monthly average available days of FeSi inventory in East China, South China, and the North region from 2021 to 2025 are shown [5] Silicomanganese - The daily total number of SiMn warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts on CZCE from 2021 to 2025 are presented [7] - The weekly inventory of 63 sample SiMn enterprises in China from 2021 to 2025 is shown [7] - The monthly average available days of SiMn inventory in China from 2021 to 2025 are presented [7] Cost and Profit Ferrosilicon - The electricity prices in Inner Mongolia, Qinghai, Ningxia, and Shaanxi for ferroalloys from 2021 to 2025 are shown [5] - The market price of small - sized semi - coke in Shaanxi from 2021 to 2025 is presented [5] - The production costs and profits of FeSi in Ningxia and Inner Mongolia from 2021 to 2025 are shown [5] Silicomanganese - The profits of SiMn in Inner Mongolia, Guangxi, the North region, and the South region from 2021 to 2025 are presented [7] - The profits of Guangxi SiMn converted to the main contract price and Ningxia SiMn converted to the contract price from 2021 to 2025 are shown [7]