铁合金日报-20260303

Group 1: Market Information - SF main contract closed at 5786, up 22 from the previous day and 316 from the previous week, with a trading volume of 227,583 (down 47,756) and an open interest of 207,578 (up 1,181) [3] - SM main contract closed at 6118, up 36 from the previous day and 380 from the previous week, with a trading volume of 437,375 (down 3,007) and an open interest of 445,082 (down 9,758) [3] - Spot prices of ferrosilicon in some regions rose by 20 - 150 yuan/ton, and those of silicomanganese rose by 30 - 50 yuan/ton [3] - Tianjin Port manganese ore spot prices rose by 0.3 - 0.4 yuan/ton degree [3] Group 2: Market Analysis and Trading Strategies - On March 3, ferroalloy futures prices rose overall. SF main contract rose 0.38%, and SM main contract rose 0.59% [5] - For ferrosilicon, supply is slightly increasing, demand may be affected by steel de - stocking, and cost is pushed up in Shaanxi. Previous long positions can be partially taken profit [5] - For silicomanganese, supply is increasing due to new capacity and price rise, demand is supported by seasonal resumption of short - process steel mills, and cost is pushed up by manganese ore. Previous long positions can be partially reduced [5] - Trading strategies: Partially take profit on previous long positions, hold off on arbitrage, and sell out - of - the - money put options [6] Group 3: Important Information - On March 3, Tianjin Port semi - carbonate Mn36.5% was traded at 38 yuan/ton degree, Australian lump Mn42.2% was quoted at 43.3 yuan/ton degree, and Gabon lump Mn44% was quoted at 44 yuan/ton degree [7] - The Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference will be held from March 4 to March 11 [7] Group 4: Cost and Profit - Ferrosilicon production costs in Inner Mongolia, Ningxia, Shaanxi, Qinghai, and Gansu are 5500, 5401, 5505, 5849, and 5687 yuan/ton respectively, with corresponding profits of - 150, - 81, - 205, - 549, and - 387 yuan/ton [19] - Silicomanganese production costs in Inner Mongolia, Ningxia, Guangxi, and Guizhou are 6020, 5986, 6286, and 6170 yuan/ton respectively, with corresponding profits of - 270, - 286, - 466, and - 400 yuan/ton [22]