Report Title - Manganese Silicon: Sector sentiment resonance, strong sideways movement [1] Core View - The manganese silicon market shows a pattern of strong sideways movement due to sector sentiment resonance [1] Fundamental Tracking Futures Data - Silicon iron 2509 closed at 6110, up 270, with a trading volume of 726,721 and an open interest of 197,081 - Silicon iron 2510 closed at 6092, up 260, with a trading volume of 62,472 and an open interest of 40,316 - Manganese silicon 2509 closed at 6212, up 184, with a trading volume of 1,009,206 and an open interest of 347,380 - Manganese silicon 2510 closed at 6218, up 186, with a trading volume of 43,829 and an open interest of 23,948 [1] Spot Data - The price of silicon iron FeSi75 - B in Inner Mongolia was 5550 yuan/ton, up 50 - The price of silicon manganese FeMn65Si17 in Inner Mongolia was 5800 yuan/ton, up 100 - The price of manganese ore Mn44 block was 40.0 yuan/ton - degree, up 0.5 - The price of semi - coke small material in Shenmu was 550 yuan/ton [1] Price Difference Data - The spot - 09 futures price difference of silicon iron was - 560 yuan/ton, down 220 - The spot - 09 futures price difference of manganese silicon was - 412 yuan/ton, down 84 - The near - far month price difference of silicon iron 2509 - 2601 was - 106 yuan/ton, up 2 - The near - far month price difference of manganese silicon 2509 - 2601 was - 74 yuan/ton, unchanged - The cross - variety price difference of manganese silicon 2509 - silicon iron 2509 was 102 yuan/ton, down 86 - The cross - variety price difference of manganese silicon 2601 - silicon iron 2601 was 70 yuan/ton, down 84 [1] Macro and Industry News Silicon Iron Price News - On July 29, the price of 72 silicon iron in Shaanxi was 5400 - 5600 (+100), in Ningxia 5600 - 5700 (+100), in Qinghai 5500 - 5600 (+100), in Gansu 5500 - 5600 (+100), and in Inner Mongolia 5600 - 5650 (+150) - The price of 75 silicon iron in Shaanxi was 5900 - 5950, in Ningxia 5800 - 5900, in Qinghai 5800 - 5850, in Gansu 5800 - 5850, and in Inner Mongolia 5800 - 5850 - The FOB price of 72 silicon iron was 1020 - 1040, and 75 was 1090 - 1110 (US dollars/ton, tax - included) [2] Silicon Manganese Price News - The northern quotation of 6517 silicon manganese was 5850 - 5950 (+150) yuan/ton; the southern quotation was 5900 - 6000 (+100) yuan/ton [2] Production and Procurement News - In July, there were 11 silicon iron enterprises in production in Inner Mongolia, with 75 ore - heating furnaces in production. The operating rate in July was 61.48%, up 1.64% from June, and the output was expected to be 14.64 tons, up 0.37 tons from June, with a capacity utilization of 60.2% - Yunnan Qujing Chenggang set the silicon iron procurement price at 5970 yuan/ton in cash, up 400 yuan/ton from the previous round, with a quantity of 400 tons - A steel mill in Shandong set the silicon manganese standard at 5990 yuan/ton, CIF and accepted, and temporarily procured 1500 tons - Yunnan Qujing Chenggang set the silicon manganese standard at 5880 yuan/ton, CIF and cash - included, up 140 yuan/ton, with a procurement volume of 1500 tons - A group in Fujian set the silicon manganese standard at 6150 yuan/ton in Hubei, up 100, with a procurement volume of 3000 tons; and 6150 yuan/ton in Jiangsu, up 100, with a procurement volume of 1000 tons [2][3] Trend Intensity - The trend intensity of silicon iron is 0, and that of manganese silicon is 0. The trend intensity ranges from - 2 to 2, with - 2 indicating the most bearish and 2 indicating the most bullish [4]