黑色供应周报：铁合金-20251212

Report Summary 1. Report Title - Black Supply Weekly Report - Ferroalloys [1] 2. Report Date and Analyst Information - Date: December 12, 2025 - Analyst: Dong Xueshan from Zhongtai Futures Research Institute - Qualification Number: F3075616, Trading Consultation Certificate Number: Z0018025 [2] 3. Key Data - Weekly Production and Changes Silicon Manganese - National: Weekly production is 18.92 million tons, a week - on - week increase of 1295 tons, and a cumulative year - on - year decrease of 15.04% [3] - Inner Mongolia: Weekly production is 9.69 million tons, a week - on - week increase of 140 tons, and a cumulative year - on - year decrease of 0.40% [3] - Ningxia: Weekly production is 4.33 million tons, a week - on - week increase of 1400 tons, and a cumulative year - on - year increase of 12.43% [3] - Guangxi: Weekly production is 0.92 million tons, a week - on - week decrease of 245 tons, and a cumulative year - on - year increase of 0.39% [3] - Guizhou: Weekly production is 1.21 million tons, with no week - on - week change, and a cumulative year - on - year decrease of 16.56% [3] - Yunnan: Weekly production is 0.68 million tons, with no week - on - week change, and a cumulative year - on - year increase of 13.21% [3] - Other regions: Weekly production is 2.09 million tons, with a cumulative year - on - year decrease of 24.11% [3] Silicon Iron - National: Weekly production is 10.63 million tons, a week - on - week decrease of 2520 tons, and a cumulative year - on - year increase of 0.95% [3] - Inner Mongolia: Weekly production is 3.61 million tons, a week - on - week decrease of 1925 tons, and a cumulative year - on - year increase of 3.91% [3] - Ningxia: Weekly production is 2.72 million tons, with no week - on - week change, and a cumulative year - on - year increase of 10.21% [3] - Shaanxi: Weekly production is 1.93 million tons, a week - on - week increase of 350 tons, and a cumulative year - on - year decrease of 0.14% [3] - Qinghai: Weekly production is 1.29 million tons, a week - on - week decrease of 945 tons, and a cumulative year - on - year decrease of 13.49% [3] - Gansu: Weekly production is 0.98 million tons, with no week - on - week change, and a cumulative year - on - year increase of 10.70% [3] - Other regions: Weekly production is 0.01 million tons, a week - on - week decrease of 2 tons, and a cumulative year - on - year increase of 0.00% [3] 4. Data Explanation - The update date of Ganglian terminal data is every Thursday, and the data display date is Friday of the current week - Data sources: Mysteel; compiled by Zhongtai Futures [6]