铁合金早报-20260106

Report Title - The report is titled "Iron Alloy Morning Report" [1] Report Industry Investment Rating - No industry investment rating is provided in the report Core Viewpoints - No core viewpoints are provided in the report Summary by Relevant Catalogs Price - For silicon iron, on January 6, 2026, the latest prices of 72 silicon iron in different regions were: 5270 yuan in Ningxia (down 30 yuan daily, up 20 yuan weekly), 5280 yuan in Inner Mongolia (down 40 yuan daily, up 10 yuan weekly), 5250 yuan in Qinghai (unchanged daily and weekly), and 5250 yuan in Shaanxi (down 20 yuan daily, up 30 yuan weekly). The price of 75 silicon iron in Shaanxi was 5650 yuan (unchanged daily and weekly). The export price of 72 silicon iron in Tianjin was 1025 US dollars (up 5 US dollars daily and weekly), and that of 75 silicon iron was 1075 US dollars (up 5 US dollars daily and weekly) [2] - For silicon manganese, on January 6, 2026, the latest factory - ex prices of 6517 silicon manganese in different regions were: 5650 yuan in Inner Mongolia (unchanged daily, up 60 yuan weekly), 5570 yuan in Ningxia (unchanged daily, up 50 yuan weekly), 5730 yuan in Guangxi (down 20 yuan daily, up 30 yuan weekly), and 5700 yuan in Guizhou and Yunnan (unchanged daily, up 50 yuan weekly). The price of 6014 silicon manganese in Guangxi was 5050 yuan (unchanged daily and weekly) [2] Supply - The monthly production of silicon iron by 136 Chinese enterprises from 2022 - 2026 is presented in the report, as well as the weekly production of 136 silicon iron enterprises (with a capacity ratio of 95%) during the same period. The monthly capacity utilization rates of 136 silicon iron production enterprises in Inner Mongolia, Ningxia, and Shaanxi from 2022 - 2026 are also provided [5] - The weekly production of silicon manganese in China from 2022 - 2026 is shown, along with the monthly procurement price and quantity of 6517 silicon manganese by Hebei Iron and Steel Group during this period [7] Demand - The report shows the monthly estimated and corrected production of crude steel in China from 2022 - 2026, the monthly production of stainless - steel crude steel in China, the monthly procurement quantity and price of FeSi75 - B silicon iron by Hebei Iron and Steel Group, and the monthly demand for silicon manganese in China (according to Steel Union's data) from 2022 - 2026 [5][8] Inventory - For silicon iron, the weekly inventory data of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi from 2022 - 2026 are provided, as well as the daily total number of silicon iron warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts on the Zhengzhou Commodity Exchange during the same period. The monthly average available days of silicon iron inventory in East China, South China, North China, and the whole of China are also presented [6] - For silicon manganese, the daily total number of silicon manganese warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective inventory on the Zhengzhou Commodity Exchange from 2022 - 2026 are shown. The weekly inventory data of 63 sample enterprises in China from 2022 - 2026, the monthly average available days of silicon manganese inventory in China, and the monthly export quantity of silicon manganese in China are also provided [8] Cost and Profit - For silicon iron, the report presents the electricity prices in Inner Mongolia, Qinghai, Ningxia, and Shaanxi from 2022 - 2026, the market mainstream price of small - sized semi - coke in Shaanxi, the production cost of silicon iron in Ningxia and Inner Mongolia, the profit of silicon iron in Ningxia when converted to the main contract on the futures market and the spot profit, and the export profit of 75 - grade silicon iron [6] - For silicon manganese, the report shows the profit of silicon manganese in Inner Mongolia, Guangxi, the northern region, and the southern region (according to Steel Union's data), the profit of Guangxi's silicon manganese when converted to the main contract on the futures market, and the profit of Ningxia's silicon manganese when converted to the futures market from 2022 - 2026 [8]