铁合金早报-20251218

Report Information - Report Title: Ferroalloy Morning Report - Report Date: December 18, 2025 Report Industry Investment Rating - Not provided in the report Core Viewpoints - Not provided in the report Summary by Category Price - Silicon Iron: The latest price of Ningxia 72 silicon iron natural block is 5120 yuan, with a daily change of -30 yuan and a weekly change of 20 yuan; the main contract price is 5546 yuan, with a daily change of 64 yuan and a weekly change of 112 yuan [2]. - Silicon Manganese: The latest price of Inner Mongolia 6517 silicon manganese is 5540 yuan, with a daily change of 0 yuan and a weekly change of 20 yuan; the main contract price is 5758 yuan, with a daily change of 22 yuan and a weekly change of 34 yuan [2]. Supply - Silicon Iron: The monthly production of 136 silicon - iron enterprises in China from 2021 - 2025 is presented, and their weekly production (with a capacity share of 95%) is also shown [4]. - Silicon Manganese: The weekly production of silicon manganese in China from 2021 - 2025 is provided [6]. Demand - Silicon Iron: The demand - related data includes the estimated production of crude steel in China (monthly, in ten - thousand tons), the production of stainless - steel crude steel in China (monthly, in ten - thousand tons), etc. [4]. - Silicon Manganese: The demand - side data shows the demand for silicon manganese in China (in ten - thousand tons, according to Steel Union's statistics), and the estimated production of crude steel in China (monthly, in ten - thousand tons) [4][7]. Inventory - Silicon Iron: The weekly inventory data of 60 sample enterprises in China, including those in Ningxia, Inner Mongolia, and Shaanxi, are given, as well as the daily data of CZCE silicon iron warehouse receipts, effective forecasts, etc. [5]. - Silicon Manganese: The daily data of CZCE silicon manganese warehouse receipts, effective forecasts, and the weekly inventory data of 63 sample enterprises in China are presented [7]. Cost and Profit - Silicon Iron: The cost - related data includes the electricity prices in Inner Mongolia, Qinghai, Ningxia, and Shaanxi, and the market price of semi - coke small materials in Shaanxi. The profit data includes the production profit of semi - coke in China, the export profit of 75 - grade silicon iron, etc. [5]. - Silicon Manganese: The cost - related data involves the ex - factory price of chemical coke in Ordos, and the summary prices of various manganese ores. The profit data includes the profit of silicon manganese in Inner Mongolia, Guangxi, etc. [6][7].