硅铁：市场多空情绪持续博弈，价格偏强震荡；锰硅：市场多空情绪持续博弈，价格偏强震荡

Report Summary 1. Report Industry Investment Rating There is no information about the report industry investment rating provided in the content. 2. Core Views - The market sentiment for both ferrosilicon and silicomanganese is a continuous game between bulls and bears, with prices showing a strong and volatile trend [1]. - The trend intensity for ferrosilicon and silicomanganese is 0 [3]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Data: - Ferrosilicon 2605: Closing price is 5922, up 38 from the previous trading day, with a trading volume of 117,753 and an open interest of 180,396 [1]. - Ferrosilicon 2607: Closing price is 6046, up 62, trading volume is 78,086, and open interest is 109,597 [1]. - Silicomanganese 2605: Closing price is 6162, up 46, trading volume is 200,890, and open interest is 366,997 [1]. - Silicomanganese 2607: Closing price is 6190, up 48, trading volume is 36,188, and open interest is 100,846 [1]. - Spot Data: - Ferrosilicon FeSi75 - B in Inner Mongolia: Price is 5580 yuan/ton, up 30 from the previous trading day [1]. - Silicomanganese FeMn65Si17 in Inner Mongolia: Price is 5900 yuan/ton, up 50 [1]. - Manganese ore Mn44 block: Price is 44.5 yuan/ton - degree [1]. - Semi - coke small material in Shenmu: Price is 695 yuan/ton [1]. - Price Spreads: - Ferrosilicon spot - 05 futures spread: - 342 yuan/ton, down 8 [1]. - Silicomanganese spot - 05 futures spread: - 290 yuan/ton, up 4 [1]. - Ferrosilicon 2605 - 2607 spread: - 124 yuan/ton, down 24 [1]. - Silicomanganese 2605 - 2607 spread: - 28 yuan/ton, down 2 [1]. - Silicomanganese 2605 - Ferrosilicon 2605 spread: 240 yuan/ton, up 8 [1]. - Silicomanganese 2607 - Ferrosilicon 2607 spread: 144 yuan/ton, down 14 [1]. 3.2 Macro and Industry News - Price Information: - On March 12, the price range of 72 ferrosilicon in different regions: Shaanxi 5400 - 5500, Ningxia 5450 - 5550, Qinghai 5500 - 5600, Gansu 5450 - 5550, Inner Mongolia 5500 - 5600 yuan/ton; 75 ferrosilicon: Shaanxi 6000 - 6100, Ningxia 5900 - 6000, Qinghai 5900 - 6000, Gansu 5950 - 6000 (+50), Inner Mongolia 6000 - 6050 yuan/ton. FOB prices: 72 1120 - 1140 (+20), 75 1150 - 1170 (+10) US dollars/ton [1]. - The price range of 6517 silicomanganese: Northern region 5800 - 5900 yuan/ton, Southern region 5900 - 5950 yuan/ton [1]. - Production News: An iron - alloy plant in Ulanqab resumed production of 2 45000kva ferrosilicon furnaces this week [3]. - Procurement News: - A large steel mill in Jiangsu set the purchase price of 75B ferrosilicon at 6000 yuan/ton (acceptance), with a quantity of 600 tons [3]. - A large steel group in Jiangsu set the price of silicomanganese at 6150 yuan/ton (cash - inclusive to the factory), up 100 yuan/ton from the beginning - of - month price, with a purchase quantity of 3000 tons [3]. - Hengyang Steel Pipe set the ferrosilicon price at 6000 yuan/ton, up 100 yuan/ton from the previous round, with a quantity of 200 tons [3].