硅铁：地产情绪扰动，板块低位震荡，锰硅：地产情绪扰动，板块低位震荡

Report Summary 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View - The silicon iron and manganese silicon sectors are experiencing low - level fluctuations due to real - estate sentiment disturbances [1] 3. Summary by Relevant Catalogs 3.1 Fundamentals Tracking - Futures Data - Silicon iron 2603: closing price 5492, up 16 from the previous trading day, volume 5,859, open interest 9,618 [1] - Silicon iron 2605: closing price 5486, up 16 from the previous trading day, volume 104,314, open interest 224,182 [1] - Manganese silicon 2603: closing price 5710, up 14 from the previous trading day, volume 7,664, open interest 18,340 [1] - Manganese silicon 2605: closing price 5752, up 14 from the previous trading day, volume 140,366, open interest 453,701 [1] - Spot Data - Silicon iron (FeSi75 - B, Inner Mongolia): price 5170 yuan/ton, down 30 from the previous trading day [1] - Silicon manganese (FeMn65Si17, Inner Mongolia): price 5600 yuan/ton, down 20 from the previous trading day [1] - Manganese ore (Mn44 block): price 42.8 yuan/ton - degree [1] - Semi - coke (small material, Shenmu): price 695 yuan/ton, down 50 from the previous trading day [1] - Price Difference Data - Silicon iron (spot - 05 futures): - 316 yuan/ton, down 46 [1] - Manganese silicon (spot - 05 futures): - 152 yuan/ton, down 34 [1] - Silicon iron 2603 - 2605: 6 yuan/ton, unchanged [1] - Manganese silicon 2603 - 2605: - 42 yuan/ton, unchanged [1] - Manganese silicon 2603 - silicon iron 2603: 218 yuan/ton, down 2 [1] - Manganese silicon 2605 - silicon iron 2605: 266 yuan/ton, down 2 [1] 3.2 Macro and Industry News - Silicon Iron and Manganese Silicon Prices - On February 25th, 72 silicon iron prices in different regions: Shaanxi 5200 - 5300, Ningxia 5200 - 5300 (- 25), Qinghai 5200 - 5300, Gansu 5250 - 5300, Inner Mongolia 5250 - 5300; 75 silicon iron prices: Shaanxi 5950 - 6000, Ningxia 5800 - 5900 (+ 25), Qinghai 5800 - 5900, Gansu 5750 - 5850, Inner Mongolia 5900 - 5950. Silicon iron FOB: 72 1070 - 1090(+ 10), 75 1120 - 1150 (+ 10) (USD/ton, tax - included) [1] - Silicon manganese 6517: northern quote 5600 - 5650 (- 25) yuan/ton; southern quote 5750 - 5800 (- 25) yuan/ton [1] - Tendering Information - Zhongtian Changzhou tendered 1700 tons of manganese silicon yesterday, with 700 tons awarded at 5800 yuan/ton (acceptance, tax - included, delivered to the factory). Before the Spring Festival, Nantong Zhongtian awarded 5500 tons at 5825 yuan/ton [3] - Manganese Ore Market - Manganese ore quotes are running firmly. South African ore is affected by news of postponed and reduced shipments from some mines in February - March, and traders have a prominent sentiment of holding prices and testing for price increases [3] 3.3 Trend Intensity - Silicon iron trend intensity: 0; Manganese silicon trend intensity: 0 [3]