永安期货铁合金早报-20251216

Report Information - Report Date: December 16, 2025 [1] - Report Type: Ferroalloy Morning Report Core Viewpoints - The report presents comprehensive data on the ferroalloy market, including prices, supply, demand, inventory, and cost - profit analysis of silicon - iron and silicon - manganese, facilitating investors' understanding of market trends [2][4][5] Summary by Category Price - Silicon - Iron: Spot prices vary by region and grade. For example, the latest price of Ningxia 72 silicon - iron natural block is 5200 yuan, with a daily change of 100 yuan and a weekly change of 100 yuan. Futures prices also show different trends in different contracts. The main contract price is 5518 yuan, with a daily change of 48 yuan and a weekly change of 74 yuan [2] - Silicon - Manganese: The ex - factory prices of different regions and grades also fluctuate. For instance, the latest price of Inner Mongolia 6517 silicon - manganese is 5540 yuan, with a daily change of 20 yuan and a weekly change of 10 yuan. The main contract price is 5758 yuan, with a daily change of 28 yuan and a weekly change of 22 yuan [2] Supply - Silicon - Iron: The production data of 136 silicon - iron enterprises in China shows the overall supply situation. The capacity utilization rates of enterprises in Inner Mongolia, Ningxia, and Shaanxi also vary over time [4] - Silicon - Manganese: The weekly production data of silicon - manganese in China reflects the supply dynamics, and the enterprise start - up rate also affects the supply [6] Demand - Silicon - Iron: The demand is related to industries such as steel and metal magnesium. The production and price changes of these downstream industries will affect the demand for silicon - iron [4] - Silicon - Manganese: The demand is mainly affected by the steel industry. The production and price trends of steel products will influence the demand for silicon - manganese [6][7] Inventory - Silicon - Iron: The inventory data of 60 sample enterprises in China, including those in different regions such as Ningxia, Inner Mongolia, and Shaanxi, as well as warehouse receipts and effective forecasts, reflect the inventory situation [5] - Silicon - Manganese: The inventory data of 63 sample enterprises in China, warehouse receipts, effective forecasts, and the inventory average available days in China show the inventory status [7] Cost - Profit - Silicon - Iron: The cost is mainly affected by electricity prices, raw material prices such as semi - coke. The profit data of different regions, including Ningxia and Inner Mongolia, show the profit situation [5] - Silicon - Manganese: The cost is related to the prices of manganese ore and other raw materials. The profit data of different regions, such as Inner Mongolia and Guangxi, reflect the profit status [7]