格林期货早盘提示：硅铁、锰硅-20260108

Report Industry Investment Rating - The investment rating for the black metal sector (silicon iron and manganese silicon) is "oscillating and bullish" [1] Core Viewpoints of the Report - The prices of the main contracts of silicon iron and manganese silicon rose on the previous trading day, mainly affected by the daily limit of coking coal and coke. As the Spring Festival approaches, downstream replenishment has gradually started, significantly boosting market confidence [1]. - For manganese silicon, the price of manganese ore increased before that of manganese silicon, providing strong cost support. The market still has certain expectations for downstream winter storage, but the progress of the new round of steel procurement needs attention [1]. - Driven by short - term sentiment, the market is bullish, but the demand for the two types of silicon remains to be tested after the steel procurement is finalized and the emotional stimulus weakens [1]. Summary by Relevant Catalog Market Review - On the previous trading day, the main contract of manganese silicon SM2603 closed at 6000, up 1.39% compared with the opening of the day session. The main contract of silicon iron SF2603 closed at 5860, up 1.45% compared with the opening of the day session [1]. Important Information - The Ministry of Industry and Information Technology issued the "Action Plan for the Integration and Empowerment of Industrial Internet and Artificial Intelligence", accelerating the deployment and application in key industries such as raw materials, equipment manufacturing, consumer goods, and electronic information, and promoting more than 50,000 enterprises to implement the transformation and upgrading of new industrial networks [1]. - On January 7th, the ex - factory price of ordinary billet resources in Qian'an, Tangshan increased by 50 in total, reaching 2,980 yuan/ton [1]. - This week, the capacity utilization rate of 314 independent coal washing plants was 35.4%, a month - on - month increase of 0.3%. The daily output of clean coal was 261 thousand tons, a month - on - month increase of 3 thousand tons. The clean coal inventory was 3.197 million tons, a month - on - month decrease of 94 thousand tons [1]. - Shaanxi Coal Industry: In December 2025, the coal output was 1.474 million tons, a year - on - year decrease of 1.03%. The cumulative coal output in 2025 was 174.9056 million tons, a year - on - year increase of 2.59% [1]. Market Logic - Yesterday, the double - silicon market opened with a gap mainly due to the daily limit of coking coal and coke. As the Spring Festival approaches, downstream replenishment has started, boosting market confidence. For manganese silicon, the rising price of manganese ore provides cost support, and the market has expectations for downstream winter storage [1]. Trading Strategy - The short - term sentiment drives the market to be bullish. After the steel procurement is finalized and the emotional stimulus weakens, the demand for double silicon remains to be tested. The short - term view is bullish [1].