铁合金日报-20260107

Group 1: Report Overview - Report Name: Black Metal Daily Report - Ferroalloy Daily Report [1] - Report Date: January 7, 2026 [1] Group 2: Market Information Futures Market - SF Main Contract: Closing price at 5860, up 84 (1.45%) daily and 184 weekly. Volume was 329,099, up 1,863 daily, and open interest was 257,498, down 11,933 daily [3] - SM Main Contract: Closing price at 6000, up 82 (1.39%) daily and 138 weekly. Volume was 317,087, up 42,537 daily, and open interest was 284,324, up 14,767 daily [3] Spot Market - Ferrosilicon (72% FeSi): Spot prices in different regions showed increases of 30 - 100 yuan/ton in some areas. For example, Inner Mongolia was at 5450, up 90 daily and 50 weekly [3] - Silicomanganese (6517): Spot prices rose 20 - 40 yuan/ton overall. Inner Mongolia was at 5650, up 20 daily and unchanged weekly [3] Basis/Spread - Ferrosilicon Basis: Inner Mongolia - Main Contract was -410, up 6 daily and down 134 weekly [3] - Silicomanganese Basis: Inner Mongolia - Main Contract was -350, down 62 daily and 138 weekly [3] Raw Materials - Manganese Ore (Tianjin): Australian lump was at 41.8, unchanged daily and up 0.3 weekly; South African semi - carbonate was at 35.5, up 0.3 daily and 0.5 weekly [3] - Lanthanum Coke Small Material: Prices in different regions remained stable [3] Group 3: Market Analysis Trading Strategy - Unilateral: With the expectation of improving supply - demand and cost support, prices are expected to be slightly bullish in the short term [5][6] - Arbitrage: Hold off [6] - Options: Sell out - of - the - money put options [6] Key Information - Brazil's exports of ferrosilicon with silicon content > 55% in November 2025 were 14,022.8 tons, up 64.95% month - on - month and down 5.87% year - on - year [7] - South Africa's only remaining manganese smelter, Transalloys, warned of possible large - scale layoffs due to high electricity costs [7] Group 4: Related Charts - Charts include ferroalloy main contract trends, SF - SM spreads, monthly spreads of ferrosilicon and silicomanganese, basis, spot prices, electricity prices, production costs, and production profits [10][11][12]