Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The cost of ferrosilicon manganese is further supported by the high prices of manganese ore and coke, as well as the increase in freight for northern manganese ore due to transportation restrictions during the Shanghai Cooperation Organization Summit in Tianjin in late August [2]. - The supply side shows positive production sentiment in alloy plants in both the north and south. Factories in Inner Mongolia and Ningxia have relatively low spot inventories and mainly focus on fulfilling forward orders. The start - up rates in Guangxi and Yunnan are gradually rising [2]. - The demand side is supported by the increase in both the procurement volume and price by Hegang Group in August. Hegang's August silicon - manganese procurement price is 6,200 yuan/ton, up 200 yuan from the first inquiry and 350 yuan from July, and the procurement volume is 16,100 tons, up from 14,600 tons in July [2]. - Overall, the spot price rose significantly this week driven by cost and demand, and the market sentiment is positive. It is expected that the short - term price of ferrosilicon manganese will remain firm, and the market will continue to fluctuate in the short term [2][3]. Summary According to Relevant Catalogs Manganese Silicon Supply - **Capacity**: Data on the monthly capacity of Chinese silicon - manganese enterprises and the annual production of silicon - manganese in different regions of China are presented [7][8]. - **Production - Annual**: No specific text summary content, but annual production data are shown [9]. - **Production - Weekly, Monthly, and Start - up Rate**: Data on the weekly and monthly production of Chinese silicon - manganese and the weekly start - up rate of Chinese silicon - manganese enterprises are provided [11]. - **Production - Regional Production**: Monthly production data of Inner Mongolia, Ningxia, and Guizhou, as well as daily average production data of Inner Mongolia, Ningxia, Guizhou, and Guangxi are presented [12][13]. Manganese Silicon Demand - **Steel Tendering and Procurement Price**: The monthly procurement prices of silicon - manganese by multiple steel companies are shown [16]. - **Daily Average Hot Metal and Profit**: Data on the weekly daily average hot metal production and weekly profitability rate of 247 Chinese steel enterprises are provided [18]. Manganese Silicon Import and Export - Import and export data of ferrosilicon manganese in China are presented, including monthly export and import quantities [20]. Manganese Silicon Inventory - Data on the weekly inventory of 63 sample silicon - manganese enterprises in China and the monthly average available days of inventory in different regions are provided [22]. Manganese Silicon Cost - **Manganese Ore - Import Volume**: Monthly import volume data of manganese ore from different sources and trade methods are presented [24]. - **Manganese Ore - Port Inventory and Available Days**: Data on the weekly port inventory of manganese ore in China and different ports, as well as the weekly average available days of inventory, are provided [26]. - **Manganese Ore - High - Grade Ore Port Inventory**: Weekly port inventory data of high - grade manganese ore from different origins in different ports are presented [28]. - **Manganese Ore - Tianjin Port Manganese Ore Price**: Daily price data of different types of manganese ore in Tianjin Port are provided [29]. - **Regional Cost**: Daily cost data of silicon - manganese in different regions are presented [30]. Manganese Silicon Profit - Daily profit data of silicon - manganese in different regions are presented [32].