锰硅周报5.19-5.23 大越期货投资咨询部 胡毓秀 从业资格证号：F03105325 投资咨询证号：Z0021337 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投 资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 每周观点 本周观点： 受南非锰矿消息扰动影响，带动锰硅盘面区间震荡，硅锰持货方报价小幅上涨。需求端，市场多持观望心态，对高价 硅锰接受度较低，对硅锰多进行压价采买，市场成交冷清。需关注后市硅锰及锰矿实际成交情况。 下周行情预测： 硅锰厂挺价情绪浓厚，但主流钢招首轮询盘不及预期，预计下周锰硅价格震荡为主。 2 交易咨询业务资格：证监许可【2012】1091号 -2000元/吨 0元/吨 2000元/吨 4000元/吨 6000元/吨 8000元/吨 10000元/吨 12000元/吨 14000元/吨 2020-01-01 2020-08-01 2021-03-01 2021-10-01 2022-05-01 2022-12-01 2023-07-01 2024-02- ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Affected by the continuous strong and volatile futures market, the spot market prices of raw material manganese ore and manganese alloy are on an upward trend. Ore merchants have firm asking prices, and low - priced manganese ore is scarce. Due to the strong futures market and enhanced cost support, ferrosilicon - manganese producers have a strong sentiment to hold prices. However, the first - round inquiries from mainstream steel mills for tenders are below expectations, and ferrosilicon - manganese producers are less willing to actively quote prices in the spot market. Market participants are mostly waiting and seeing, awaiting the pricing of mainstream steel tenders. - It is expected that the price of ferrosilicon - manganese will fluctuate next week as ferrosilicon - manganese producers have a strong sentiment to hold prices, but the first - round inquiries from mainstream steel mills for tenders are below expectations [2] Summary by Directory Manganese Silicon Supply - **Capacity**: A chart shows the monthly capacity of manganese - silicon enterprises in China [5][6] - **Annual Output**: A chart presents the annual output of manganese silicon in various regions of China, including Guangxi, Guizhou, Inner Mongolia, Ningxia, Yunnan, and other areas [7][8] - **Weekly, Monthly Output and Operating Rate**: A chart shows the weekly and monthly output of manganese silicon in China and the weekly operating rate of manganese - silicon enterprises in China [10][9] - **Regional Output**: It includes the monthly output of Inner Mongolia, Ningxia, and Guizhou, and the daily average output of Inner Mongolia, Ningxia, Guizhou, and Guangxi [11][12] Manganese Silicon Demand - **Steel Tender Purchase Prices**: Charts show the monthly purchase prices of manganese silicon 6517 by multiple steel companies, such as Baoshan Iron & Steel Co., Ltd., Baowu Egang, Chengde Jianlong, etc [14][15] - **Daily Average Hot Metal and Profit**: A chart shows the weekly daily average hot metal output and profitability of 247 steel enterprises in China [16][17] Manganese Silicon Import and Export - A chart shows the monthly import and export volumes of ferrosilicon - manganese in China [18][19] Manganese Silicon Inventory - It includes the weekly inventory of 63 sample manganese - silicon enterprises in China, the monthly average available days of manganese - silicon inventory in China, the northern region, and the eastern region [20][21] Manganese Silicon Cost - **Manganese Ore Import Volume**: A chart shows the monthly import volume of manganese ore from different sources, including Gabon, Australia, and southern Africa, and the total import volume by trade method [22][23] - **Manganese Ore Port Inventory and Available Days**: Charts show the weekly port inventory of manganese ore in China, Qinzhou Port, and Tianjin Port, and the weekly average available days of manganese ore inventory in China [24][25] - **High - Grade Manganese Ore Port Inventory**: A chart shows the weekly port inventory of high - grade manganese ore from different origins (Australia, Gabon, Brazil) in Qinzhou Port and Tianjin Port [26][27] - **Tianjin Port Manganese Ore Price**: Charts show the daily summary prices of different types of manganese ore in Tianjin Port, such as South African semi - carbonate manganese lumps, Australian - produced manganese ore, and Gabon - produced manganese lumps [28][29] - **Regional Cost**: A chart shows the daily cost of manganese silicon in different regions, including Inner Mongolia, the northern region, Ningxia, the southern region, and Guangxi [31][32] Manganese Silicon Profit - A chart shows the daily profit of manganese silicon in different regions, including the northern region, the southern region, Inner Mongolia, Ningxia, and Guangxi [33][34]