库存 成本利润 30000 40000 50000 60000 70000 80000 90000 100000 110000 01/01 01/24 02/16 03/11 04/03 04/26 05/19 06/11 07/04 07/27 08/19 09/11 10/04 10/27 11/19 12/12 硅铁：60家样本企业：库存：中国（周） 2021 2022 2023 2024 2025 5000 10000 15000 20000 25000 01/01 01/26 02/20 03/17 04/11 05/06 05/31 06/25 07/20 08/14 09/08 10/03 10/28 11/22 12/17 硅铁：60家样本企业：库存：宁夏（周） 2021 2022 2023 2024 2025 0 10000 20000 30000 40000 50000 60000 01/01 01/26 02/20 03/17 04/11 05/06 05/31 06/25 07/20 08/14 09/08 10/03 10/28 11/22 12/17 硅铁：60家样本企业：库存：内 ...

Report Summary 1. Report Industry Investment Rating No information provided in the report. 2. Core Viewpoint No clear core viewpoint presented in the given content, which mainly consists of price, supply, demand, inventory, and cost - profit data of ferrosilicon and silicomanganese. 3. Summary by Related Catalogs Price - For ferrosilicon on June 27, 2025, the latest price of Ningxia 72 natural block was 5130 yuan, with a daily change of 30 yuan and a weekly change of 30 yuan; the export price of Tianjin 72 was 1020 US dollars, with no daily change and a weekly decrease of 35 US dollars [2]. - For silicomanganese on June 27, 2025, the latest price of Inner Mongolia 6517 at the production area was 5520 yuan, with a daily change of 20 yuan and a weekly change of 40 yuan [2]. Supply - The production data of 136 ferrosilicon enterprises in China from 2021 - 2025 are presented, including monthly production, weekly production, and capacity utilization in Inner Mongolia [4]. - The production data of silicomanganese in China from 2021 - 2025 are shown, such as weekly production and enterprise start - up rate [6]. Demand - Ferrosilicon demand - related data include export prices at Tianjin Port, export quantity in China, and procurement volume and price of Hebei Iron and Steel Group from 2021 - 2025 [4]. - Silicomanganese demand - related data involve the estimated demand in China and export quantity from 2021 - 2025 [7]. Inventory - Ferrosilicon inventory data include the inventory of 60 sample enterprises in China, inventory in Ningxia, and warehouse receipt data from 2021 - 2025 [5]. - Silicomanganese inventory data cover warehouse receipt quantity, effective forecast, and inventory of 63 sample enterprises in China from 2021 - 2025 [7]. Cost Profit - Ferrosilicon cost - profit data include electricity prices in different regions, Lanthanum carbon prices, production costs in Ningxia and Inner Mongolia, and corresponding profits from 2021 - 2025 [5]. - Silicomanganese cost - profit data involve the profits in Inner Mongolia, Guangxi, and other regions from 2021 - 2025 [7].

Report Title - Iron Alloy Morning Report [1] Report Date - June 19, 2025 [2] Price Summary Silicon Ferrosilicon (FeSi) - **Spot Prices**: In various regions, prices for different grades of FeSi showed mixed changes. For example, the price of Ningxia 72 FeSi natural block remained stable at 5050 yuan, with a weekly increase of 50 yuan; Inner Mongolia 72 FeSi natural block increased by 50 yuan to 5100 yuan, with no weekly change [2]. - **Export Prices**: The export price of Tianjin 72 FeSi remained at 1055 US dollars, and the export price of Tianjin 75 FeSi remained at 1095 US dollars [2]. - **Futures Prices**: Different contracts of FeSi futures showed varying degrees of increase. For example, the main contract of FeSi increased by 26 yuan to 5290 yuan, with a weekly increase of 106 yuan [2]. Silicon Manganese (SiMn) - **Spot Prices**: The ex - factory prices of SiMn in different regions increased to varying degrees. For example, the ex - factory prices of Inner Mongolia 6517 and Ningxia 6517 SiMn increased by 30 yuan to 5480 yuan and 5430 yuan respectively, with a weekly increase of 50 yuan [2]. - **Futures Prices**: Different contracts of SiMn futures also showed increases. For example, the main contract of SiMn increased by 20 yuan to 5556 yuan, with a weekly increase of 70 yuan [2]. Supply - Related Information Silicon Ferrosilicon - **Production Capacity Utilization**: The production capacity utilization of 136 silicon ferrosilicon production enterprises in different regions showed certain trends over time from 2021 - 2025 [4]. - **Production Volume**: The monthly production volume of 136 silicon ferrosilicon enterprises in China and the weekly production volume of 136 silicon ferrosilicon enterprises (with a capacity share of 95%) showed different trends from 2021 - 2025 [4]. Silicon Manganese - **Production Volume**: The weekly production volume of silicon manganese in China showed different trends from 2021 - 2025 [6]. - **Enterprise Start - up Rate**: The start - up rate of silicon manganese enterprises in China showed different trends from 2021 - 2025 [6]. Demand - Related Information Silicon Ferrosilicon - **Related Industries**: The demand for silicon ferrosilicon is related to industries such as the production of crude steel, stainless steel, and metal magnesium. The production volume of these industries showed different trends from 2021 - 2025 [4]. Silicon Manganese - **Demand in China**: The demand for silicon manganese in China (according to the Steel Union's caliber) showed different trends from 2021 - 2025 [4][7]. Inventory - Related Information Silicon Ferrosilicon - **Enterprise Inventory**: The inventory of 60 sample silicon ferrosilicon enterprises in different regions (such as Ningxia, Inner Mongolia, and Shaanxi) showed different trends from 2021 - 2025 [5]. - **Warehouse Receipts and Effective Forecasts**: The total number of warehouse receipts of silicon ferrosilicon on the CZCE, effective forecasts, and the sum of warehouse receipts and effective forecasts showed different trends from 2021 - 2025 [5]. Silicon Manganese - **Warehouse Receipts and Inventory**: The total number of warehouse receipts of silicon manganese on the CZCE, effective forecasts, and the sum of warehouse receipts and effective inventory showed different trends from 2021 - 2025 [7]. - **Enterprise Inventory**: The inventory of 63 sample silicon manganese enterprises in China showed different trends from 2021 - 2025 [7]. Cost - Profit - Related Information Silicon Ferrosilicon - **Cost**: The production costs of silicon ferrosilicon in Ningxia and Inner Mongolia showed different trends from 2021 - 2025 [5]. - **Profit**: The profits of silicon ferrosilicon in Ningxia (including folding the main - contract profit and spot profit) and Inner Mongolia (folding the main - contract profit) showed different trends from 2021 - 2025 [5]. Silicon Manganese - **Cost**: The cost of silicon manganese is related to factors such as the price of chemical coke and manganese ore. The prices of these raw materials showed different trends from 2021 - 2025 [6]. - **Profit**: The profits of silicon manganese in Inner Mongolia, Guangxi (including folding the main - contract profit), and Ningxia (folding the main - contract profit) showed different trends from 2021 - 2025 [6][7].