黑色供应周报-铁合金 2025年12月5日 中泰期货研究所 黑色分析师:董雪珊 从业资格号:F3075616 交易咨询从业证书号 Z0018025 | | 罐 | | 万吨 | | | 健鉄 | 万吨 | | --- | --- | --- | --- | --- | --- | --- | --- | | 地区 | 周产 | 环比(吨) | 累计同比 | 地区 | 周产 | 环比(吨) | 累计同比 | | 全国 | 18.80 | (6825) | (14.21) | 全国 | 10.88 | 1540 | 2.07 | | 内蒙古 | 9.67 | (910) | 0.16 | 内蒙古 | 3.80 | 0 | 4.06 | | 宁夏 | 4.19 | (1505) | 12.71 | 宁夏 | 2.72 | 1050 | 10.27 | | 广西 | 0.95 | (1260) | 0.00 | 陕西 | 1.89 | 490 | (0.06) | | 贵州 | 1.21 | (2800) | (16.45) | 青海 | 1.39 | 0 | (12.85) | | 云南 | 0.68 | (560 ...

银河期货研究所 周涛 期货从业证号：F03134259 投资咨询证号：Z0021009 成本推动短期反弹，需求压制上方空间 目录 第二章 核心逻辑分析 4 第一章 综合分析与交易策略 2 第三章 周度数据追踪 6 1 资料来源：Wind Bloomberg Mysteel GALAXY FUTURES 227/82/4 228/210/172 181/181/181 87/87/87 辅 助 色 137/137/137 246/206/207 68/84/105 210/10/16 221/221/221 208/218/234 综合分析与交易策略 【综合分析】 文 字 色 基 础 色 硅铁方面，供应端硅铁样本企业产量小幅反弹，但11月电价陆续结算，产区电价整体上涨，加剧厂家亏损态势，未来硅铁产量预计 重回下降趋势。需求方面，钢联数据显示，钢材表需开始季节性下降，使得钢材产量继续下降。从高炉检修计划推算，未来生铁产 量预计仍将震荡下行，原料需求仍有下行压力。成本端方面，近期产区铁合金电价稳中偏强，对硅铁有所支撑。总体来看，电价偏 强支撑短期反弹，但上方空间受需求压制。 锰硅方面，供应端锰硅延续了近期的收缩趋势 ...

2025 年 12 月 5 日 硅铁：电费成本抬升，偏强震荡 锰硅：矿端报价坚挺，偏强震荡 李亚飞 投资咨询从业资格号：Z0021184 liyafei2@gtht.com 金园园（联系人） 期货从业资格号：F03134630 jinyuanyuan2@gtht.com 【基本面跟踪】 硅铁、锰硅基本面数据 | | 期货合约 | 收盘价 | 较前一交易日 | 成交量 | 持仓量 | | --- | --- | --- | --- | --- | --- | | | 硅铁2603 | 5546 | 100 | 306,562 | 259,334 | | 期 货 | 硅铁2605 | 5506 | 9 8 | 20,468 | 51,580 | | | 锰硅2601 | 5778 | 5 4 | 136,042 | 161,144 | | | 锰硅2605 | 5828 | 5 6 | 86,422 | 151,232 | | | 项 目 | | 价 格 | 较前一交易日 | 单 位 | | --- | --- | --- | --- | --- | --- | | 现 货 | 硅铁:FeSi75-B:汇总价格: ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The steel demand has officially entered the off - season, and the hot - rolled coil still faces inventory pressure, with difficulties in inventory reduction. Attention should be paid to the tone of important meetings [2]. - The overall inventory of iron ore remains high, and there is no sign of effectively resolving the inventory structural contradiction. The impact of macro - pricing will gradually strengthen in December [5]. - For the black sector, it may be more cost - effective to look for opportunities to make rebounds rather than continue to short, as macro factors are more important [9][10]. - Industrial silicon shows a short - term weak operation with a supply - demand weak pattern and limited marginal changes [13]. - Polysilicon faces challenges in reducing inventory pressure before the Chinese New Year, and there are risks in the near - month contract due to delivery games [15]. - The glass industry is still in the bottom - seeking stage, with the supply - demand contradiction not effectively resolved, and the market is expected to continue wide - range fluctuations [18]. - The soda ash market is expected to maintain a stable price in the short term, but it should still be viewed bearishly before the demand improves [20]. Summary by Category Steel Market Information - The closing price of the rebar main contract was 3175 yuan/ton, up 6 yuan/ton (0.189%) from the previous trading day. The registered warehouse receipts were 441,41 tons, unchanged. The main contract position increased by 114,799 lots to 1,411,905 lots. The Tianjin aggregated price of rebar was 3210 yuan/ton, down 10 yuan/ton, and the Shanghai aggregated price was 3300 yuan/ton, unchanged [1]. - The closing price of the hot - rolled coil main contract was 3332 yuan/ton, up 13 yuan/ton (0.391%) from the previous trading day. The registered warehouse receipts were 113,732 tons, unchanged. The main contract position increased by 492,093 lots to 1,034,595 lots. The Lecong aggregated price of hot - rolled coil was 3340 yuan/ton, unchanged, and the Shanghai aggregated price was 3300 yuan/ton, unchanged [1]. Strategy Viewpoints - This week, rebar production declined significantly, inventory continued to decrease, and the overall performance was neutral. Hot - rolled coil production decreased, apparent demand was neutral, inventory reduction was difficult, and the social inventory level was high. The steel demand has entered the off - season, and the hot - rolled coil inventory pressure remains [2]. Iron Ore Market Information - The main contract of iron ore (I2601) closed at 794.50 yuan/ton, down 0.63% (- 5.00). The position decreased by 41,114 lots to 293,700 lots. The weighted position was 949,800 lots. The spot price of PB fines at Qingdao Port was 793 yuan/wet ton, with a basis of 47.96 yuan/ton and a basis rate of 5.69% [4]. Strategy Viewpoints - In terms of supply, the overseas iron ore shipment volume remained stable. Australian shipments decreased slightly, mainly due to the decline of Rio Tinto and FMG shipments. Brazilian shipments increased significantly, and non - mainstream country shipments decreased slightly. The near - end arrival volume decreased. In terms of demand, the average daily hot metal output was 232.3 tons, down 2.38 tons. The number of blast furnace overhauls was more than that of restarts, and annual inspections increased. The steel mill profitability rate rebounded slightly after continuous decline, but less than 40% of steel mills were profitable. In the inventory aspect, port inventory continued to increase, and steel mill inventory increased slightly. Overall, the iron ore inventory is still high, and there is no sign of resolving the inventory structural contradiction [5]. Manganese Silicon and Ferrosilicon Market Information - On December 4, affected by the increase in settlement electricity prices in Qinghai and Ningxia and the sentiment of coking coal, ferroalloys rebounded significantly. The main contract of manganese silicon (SM603) closed up 0.87% at 5796 yuan/ton. The spot price of 6517 manganese silicon in Tianjin was 5720 yuan/ton, with a premium of 114 yuan/ton over the futures. The main contract of ferrosilicon (SF603) closed up 1.84% at 5546 yuan/ton. The spot price of 72 ferrosilicon in Tianjin was 5600 yuan/ton, with a premium of 54 yuan/ton over the futures [7][8]. Strategy Viewpoints - The market sentiment has improved, but there is still differentiation among commodity sectors. The black sector is weak, and ferroalloys are also affected by the weak coking coal sentiment. It is not necessary to be overly pessimistic, and the positive impact of macro - events in December on market sentiment is worth expecting. For the black sector, it may be more cost - effective to look for opportunities to make rebounds. The fundamentals of manganese silicon are not ideal, but it is difficult for its own fundamentals to drive the price down significantly. The supply - demand fundamentals of ferrosilicon have no obvious contradictions or drivers, and the operability is relatively low [9][10]. Industrial Silicon and Polysilicon Market Information - The main contract of industrial silicon (SI2601) closed at 8910 yuan/ton, down 0.11% (- 10). The weighted position increased by 12,668 lots to 413,311 lots. The spot price of 553 non - oxygenated industrial silicon in East China was 9350 yuan/ton, unchanged, and the basis of the main contract was 440 yuan/ton. The spot price of 421 was 9800 yuan/ton, unchanged, and the basis of the main contract was 90 yuan/ton [12]. - The main contract of polysilicon (PS2601) closed at 56,915 yuan/ton, down 0.90% (- 515). The weighted position decreased by 1,608 lots to 276,578 lots. The average price of N - type granular silicon was 50 yuan/kg, down 0.5 yuan/kg; the average price of N - type dense material was 51 yuan/kg, unchanged; the average price of N - type re - feeding material was 52.3 yuan/kg, down 0.05 yuan/kg. The basis of the main contract was - 4615 yuan/ton [14]. Strategy Viewpoints - Industrial silicon shows short - term weak operation. The weekly output continues to decline, and the marginal decline has slowed down significantly. The demand from polysilicon in December is weakening, the demand from organic silicon is stable in the short term, and the demand from silicon - aluminum alloy has increased, but the export has decreased significantly in October. The cost support is stable, and the supply - demand pattern has limited marginal changes [13]. - The production of polysilicon in December is expected to continue to decline, but the decline may be limited due to the capacity ramp - up in some northwest bases. The downstream silicon wafer production is expected to decrease significantly, and the inventory pressure before the Chinese New Year is difficult to relieve. The downstream prices are weak, while the upstream silicon enterprises still maintain high prices. The near - month contract has high risks due to delivery games, and attention should be paid to the final establishment of the platform company [15]. Glass and Soda Ash Market Information - The glass main contract closed at 1010 yuan/ton on Thursday afternoon, down 0.98% (- 10). The price of large - sized glass in North China was 1070 yuan, unchanged; the price in Central China was 1110 yuan, down 10 yuan. The weekly inventory of float glass sample enterprises was 59.442 million cases, down 2.92 million cases (- 4.68%). The top 20 long - position holders reduced 20,182 lots, and the top 20 short - position holders reduced 23,024 lots [17]. - The soda ash main contract closed at 1162 yuan/ton on Thursday afternoon, down 0.26% (- 3). The price of heavy soda ash in Shahe was 1132 yuan, down 3 yuan. The weekly inventory of soda ash sample enterprises was 1.5386 million tons, down 48,800 tons (- 4.68%), including 810,800 tons of heavy soda ash inventory, down 36,000 tons, and 727,800 tons of light soda ash inventory, down 12,800 tons. The top 20 long - position holders reduced 14,611 lots, and the top 20 short - position holders reduced 19,616 lots [19]. Strategy Viewpoints - The supply of glass has decreased due to the cold - repair of production lines by many enterprises last week, and the market sentiment has briefly improved, but the overall spot market trading is still light, and the manufacturers still face great pressure in shipping. The inventory has decreased slightly, and the futures price has rebounded due to short - covering. The industry is still in the bottom - seeking stage, and the market is expected to fluctuate widely in the short term. Attention should be paid to the recovery of downstream orders and the implementation of cold - repair production lines [18]. - The production capacity of soda ash has increased slightly due to the resumption of production of previously overhauled devices. The mainstream market supply meets the demand, and the inventory has decreased slightly. Light soda ash supply is locally tight, and the demand is relatively stable. Heavy soda ash demand is weak due to the decline in the glass industry. The soda ash price remains stable in the short term, but it should be viewed bearishly before the demand improves [20].

2025年12月05日 国泰君安期货商品研究晨报-黑色系列 观点与策略 | 铁矿石：下游需求空间有限，估值偏高 | 2 | | --- | --- | | 螺纹钢：市场多空博弈，宽幅震荡 | 3 | | 热轧卷板：市场多空博弈，宽幅震荡 | 3 | | 硅铁：电费成本抬升，偏强震荡 | 5 | | 锰硅：矿端报价坚挺，偏强震荡 | 5 | | 焦炭：宽幅震荡 | 7 | | 焦煤：宽幅震荡 | 7 | | 原木：低位震荡 | 8 | 国 泰 君 安 期 货 研 究 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 所 2025 年 12 月 5 日 铁矿石：下游需求空间有限，估值偏高 注：趋势强度取值范围为【-2,2】区间数。强弱程度分类如下：弱、偏弱、中性、偏强、强，-2 表示 最看空，2 表示最看多。 张广硕 投资咨询从业资格号：Z0020198 zhangguangshuo@gtht.com 【基本面跟踪】 铁矿石基本面数据 | | | | 昨日收盘价(元/吨) | 涨跌(元/吨) | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 期货 | | ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Relevant Catalogs Price - For silicon ferroalloy, on December 5, 2025, the latest price of Ningxia 72 silicon ferroalloy natural block was 5100, unchanged from the previous day and week; the latest price of Inner Mongolia 72 was 5170, unchanged from the previous day but up 50 from the previous week. The export price of Tianjin 72 silicon ferroalloy was 1020 US dollars, down 10 from the previous day and unchanged from the previous week [2]. - For silicon - manganese alloy, on December 5, 2025, the latest ex - factory price of Inner Mongolia 6517 was 5530, unchanged from the previous day but up 30 from the previous week; the latest price of Ningxia 6517 was 5520, unchanged from the previous day but up 40 from the previous week [2]. Supply - The production data of 136 silicon ferroalloy enterprises in China from 2021 - 2025 are presented, including monthly production volume, weekly production volume (with a capacity share of 95%), and monthly capacity utilization rates in Inner Mongolia, Ningxia, and Shaanxi [4]. - The production data of silicon - manganese alloy in China from 2021 - 2025 are shown, including weekly production volume, and procurement prices and quantities of Hebei Steel Group [6]. Demand - The demand data of silicon - manganese alloy in China from 2021 - 2025 are provided, including the demand volume (in ten thousand tons, according to the Steel Union's caliber), and the relationship with the estimated and actual production volume of crude steel in China [4][7]. - The demand - related data of silicon ferroalloy are related to the production of crude steel, stainless steel, and the procurement of Hebei Steel Group [4]. Inventory - The inventory data of 60 sample silicon ferroalloy enterprises in China from 2021 - 2025 are presented, including the total inventory in China, and the inventory in Ningxia, Inner Mongolia, and Shaanxi on a weekly basis. Also, data on the number of warehouse receipts, effective forecasts, and the sum of them are provided [5]. - The inventory data of silicon - manganese alloy from 2021 - 2025 are shown, including the total number of warehouse receipts, effective forecasts, and the sum of inventory, as well as the inventory of 63 sample enterprises in China on a weekly basis [7]. Cost and Profit - For silicon ferroalloy, the cost - related data such as electricity prices in Inner Mongolia, Qinghai, Ningxia, and Shaanxi, and the market price of semi - coke in Shaanxi from 2021 - 2025 are provided. Also, the production cost and profit data in Ningxia and Inner Mongolia are presented [5]. - For silicon - manganese alloy, the cost - related data such as the ex - factory price of chemical coke in Ordos, and the summary prices of various manganese ores from 2021 - 2025 are provided. The profit data in Inner Mongolia, Guangxi, the northern and southern regions are also shown [6][7].

Report Overview - Report Date: December 4, 2025 - Report Type: Black Metal Daily Report (Ferroalloy) - Researcher: Zhou Tao [2] 1. Report Industry Investment Rating - Not provided in the report. 2. Core Viewpoints - Cost drives short - term rebounds in ferroalloy futures, but future demand pressure restricts the rebound height [5]. - For single - sided trading, expect short - term rebounds driven by cost but be cautious about the limited upside due to demand pressure; for arbitrage, stay on the sidelines; for options, sell out - of - the - money straddle option combinations [6]. 3. Summary by Directory 3.1 Market Information 3.1.1 Futures - SF主力合约 closed at 5546, up 100 for the day and 156 for the week, with a trading volume of 306,562 (up 75,654) and an open interest of 259,817 (down 483) [3]. - SM主力合约 closed at 5796, up 50 for the day and 168 for the week, with a trading volume of 290,333 (up 187,890) and an open interest of 252,039 (up 52,021) [3]. 3.1.2 Spot - Silicon iron spot prices were mostly stable on the 4th. For example, 72%FeSi in Inner Mongolia was 5,250, unchanged for the day and up 50 for the week [3]. - Manganese silicon spot prices were stable to slightly stronger, with some regions up 20 yuan/ton. For example, silicon manganese 6517 in Tianjin was up 20 yuan/ton for the day and 90 yuan/ton for the week [3]. 3.1.3 Basis/Spread - For silicon iron, the basis between Inner Mongolia and the main contract was - 296 (down 100 for the day and 106 for the week) [3]. - The SF - SM spread was - 250, up 50 for the day and down 12 for the week [3]. 3.1.4 Raw Materials - Manganese ore spot prices in Tianjin showed mixed trends on the 4th. Australian lumps rose 0.2 yuan/ton - degree, and semi - carbonates fell 0.1 yuan/ton - degree [3][5]. - Lanthanum charcoal small materials' prices in Shaanxi, Ningxia, and Inner Mongolia remained unchanged [3]. 3.2 Market Judgment 3.2.1 Trading Strategy - **Silicon Iron**: Cost - driven short - term rebound, but limited upside due to demand. In November, power prices in production areas increased, exacerbating losses and expected to reduce future output. Although steel profits have recovered, steel production is still declining [5]. - **Manganese Silicon**: Cost - driven short - term rebound, but future demand pressure exists. Manganese ore port inventories are at a low level, and the spot price is strong, but steel demand for manganese silicon is weakening [5]. 3.2.2 Unilateral, Arbitrage, and Option Strategies - Unilateral: Short - term rebound driven by cost, but limited upside due to demand pressure [6]. - Arbitrage: Stay on the sidelines [6]. - Options: Sell out - of - the - money straddle option combinations [6]. 3.2.3 Important Information - On the 4th, the transaction price of semi - carbonates at Tianjin Port was around 34.3 yuan/ton - degree, Gabon lumps around 43 yuan/ton - degree, etc. [7]. - In November, power prices in Qinghai continued to rise by 3 - 6 cents, and some enterprises in Qinghai plan to stop production due to increased losses. Power prices in Ningxia were stable with a slight increase of 1 cent [7]. 3.3 Related Attachments - The report includes multiple charts such as ferroalloy main contract trends, basis, and cost - profit charts, which visually display the price trends and cost - profit situations of silicon iron and manganese silicon [11][12][15][18][20]

Core Insights - The report by Zhiyan Consulting highlights a significant decline in China's ferroalloy exports in October 2025, with a volume of 50,000 tons, representing a year-on-year decrease of 32.9% and an export value of 12.2 million USD, down 30.7% year-on-year [1] Industry Overview - The ferroalloy industry in China is experiencing a downturn in export performance, as indicated by the latest customs data [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services [1]

Report Summary 1. Report Industry Investment Rating No information provided in the report. 2. Core Viewpoints - The overall sentiment in the commodity market was positive yesterday, with finished steel prices showing a volatile and slightly stronger trend. Steel demand has officially entered the off - season, and the inventory pressure of hot - rolled coils remains. Attention should be paid to the actual progress of the production reduction rhythm and the tone of important meetings [2]. - Iron ore prices are expected to move within a volatile range, and attention should be paid to the impact of changes in the overall commodity environment on prices. Although the overall inventory of iron ore is still high, there are still structural contradictions, and the spot has certain support [5]. - For the black sector, it is more cost - effective to look for positions to make a rebound rather than continue to short. The positive impact of a series of macro - events in December on market sentiment is still worth looking forward to [10]. - Industrial silicon is expected to run weakly in the short term, with a weak supply - demand pattern and limited marginal changes in the real - world situation. The price of polysilicon is affected by factors such as production reduction, inventory, and delivery games, and the instability risk of the near - month contract is relatively high [13][15]. - The glass industry is still in the bottom - seeking stage, and the supply - demand contradiction has not been effectively alleviated. It is expected that the short - term market will continue to show a wide - range volatile trend. The soda ash market is expected to maintain a stable price in the short term, but it should still be viewed bearishly before the demand side shows obvious improvement [18][20]. 3. Summary by Categories Steel - **Market Quotes** - The closing price of the rebar main contract was 3169 yuan/ton, up 36 yuan/ton (1.149%) from the previous trading day. The hot - rolled coil main contract closed at 3319 yuan/ton, down 6 yuan/ton (- 0.18%) [1]. - **Strategy Views** - Rebar supply and demand both decreased, and inventory continued to decline. Hot - rolled coil production increased, apparent demand declined slightly, and inventory decreased only slightly. South Korea's anti - dumping tax on Chinese steel products will have a certain impact on steel exports [2]. Iron Ore - **Market Quotes** - The main contract (I2601) of iron ore closed at 799.50 yuan/ton, with a change of - 0.12% (- 1.00). The spot price of PB powder at Qingdao Port was 797 yuan/wet ton, with a basis of 47.30 yuan/ton and a basis rate of 5.59% [4]. - **Strategy Views** - In terms of supply, the overseas iron ore shipment volume remained stable. Australian shipments decreased slightly, Brazilian shipments increased significantly, and non - mainstream country shipments decreased slightly. In terms of demand, the daily average pig iron output decreased, the number of blast furnace overhauls increased significantly, and the profitability of steel mills was at a low level in the same period of the past three years [5]. Manganese Silicon and Ferrosilicon - **Market Quotes** - On December 3, the main contract of manganese silicon closed up 0.31% at 5746 yuan/ton, and the spot price in Tianjin was 5680 yuan/ton, with a premium of 124 yuan/ton over the futures. The main contract of ferrosilicon closed down 0.04% at 5446 yuan/ton, and the spot price in Tianjin was 5500 yuan/ton, with a premium of 54 yuan/ton over the futures [7][8]. - **Strategy Views** - The market sentiment has improved, but the black sector is still weak. Affected by the weak sentiment of coking coal, ferroalloys also showed a weak trend. There is no need to be overly pessimistic, and attention should be paid to the inflection point of market sentiment [9]. Industrial Silicon and Polysilicon - **Market Quotes** - The main contract of industrial silicon (SI2601) closed at 8920 yuan/ton, with a change of - 0.61% (- 55). The main contract of polysilicon (PS2601) closed at 57430 yuan/ton, with a change of + 1.98% (+ 1115) [12][14]. - **Strategy Views** - Industrial silicon production is decreasing, and demand is weak. Polysilicon production is expected to decline in December, but the decline may be limited. The inventory pressure before the Spring Festival is difficult to relieve, and the price of the near - month contract is unstable [13][15]. Glass and Soda Ash - **Market Quotes** - The glass main contract closed at 1020 yuan/ton, down 1.35% (- 14). The soda ash main contract closed at 1165 yuan/ton, down 1.52% (- 18) [17][19]. - **Strategy Views** - The glass industry has reduced supply, but the overall trading atmosphere in the spot market is still light. The soda ash market has a stable price supported by cost and pending orders, but the demand is still weak [18][20].

Group 1: New Energy Industry - The new energy industry in Ulanqab has shown significant growth, with the construction of large wind and solar power bases progressing smoothly. The newly added installed capacity of renewable energy reached 1.94 million kilowatts, with the total installed capacity expected to exceed 20 million kilowatts by the end of the year. Energy storage capacity is projected to reach 3.23 million kilowatts / 1,106 million kilowatt-hours, ranking among the top in the region [1] - The green hydrogen and ammonia production projects are being strategically developed, with Sinopec's 100,000 tons/year wind-solar integrated hydrogen project receiving approval for its photovoltaic power generation component, and other green hydrogen projects accelerating [1] Group 2: Ferroalloy Industry - The ferroalloy industry is undergoing transformation and upgrading, with the establishment of a ferroalloy technology innovation research institute and the implementation of three local standards for ferroalloy products. The region has successfully been approved as a pilot project for digital transformation in manufacturing [1] - Focused on technological upgrades in direct current furnace processes and green hydrogen smelting, 23 green ferroalloy projects are being expedited, adding 2.76 million tons of new capacity, bringing the total capacity to 13.71 million tons, which accounts for 24% of the national total and 70% of the regional total [1] Group 3: Computing Power Industry - The computing power industry is developing robustly, with the establishment of a national green computing power hub and data industry cluster. The first data center green electricity direct connection project has been put into operation, recognized as a national "computing power and electricity coordination typical case" [2] - The computing power scale is expected to exceed 120,000 P this year, with intelligent computing accounting for over 90%, positioning the region among the top in the national computing power hubs and clusters [2] Group 4: New Materials Industry - The new materials industry is steadily advancing, with high-end fluorine-based new materials accounting for 12.9% of the city's chemical industry output value. The total production capacity of negative electrode materials has reached 670,000 tons, representing 84% of the regional total and 17% of the national total [2] - The market share of San Da Optoelectronics' main product, nitrogen trifluoride, remains among the top three nationally, while the production capacity of chemical foils accounts for 90% of the regional total and 24% of the national total [2] Group 5: Potato Industry - The potato industry has improved in both quality and efficiency, focusing on systematic breeding, standardized planting, refined processing, and brand marketing. The "Mengwu Potato Series" has 64 proprietary varieties, with an annual production capacity of 2 billion micro potatoes and a processing capacity of 1 million tons [3] - The region has seen continuous growth in grain production for three consecutive years, with increases in area, total yield, and yield per unit. The breeding and promotion of the new "Dumeng Sheep" variety has won the first prize in the regional science and technology progress award, marking a breakthrough [3] Group 6: Cultural and Tourism Industry - The cultural and tourism industry is experiencing integrated development, with events like the "Grassland Tour" Naadam and upgrades to scenic spots such as Ulanqab Night and Ulanhada Volcano being actively organized [3] - The region has hosted various sports events, significantly boosting the event economy. So far, the city has received 23.22 million tourists, a year-on-year increase of 13.6%, with total tourist spending reaching 27.58 billion yuan, up 11.8% year-on-year [3]