铁合金早报 | | | | | | | | | | 2025/8/20 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 品种 | 项目 | | 现货 | | 仓单 | | 盘面 | | | | | | 最新 | 日变化 | 周变化 | 出厂价折盘面 | 最新 | | 日变化 | 周变化 | | 硅铁自然块 | 宁夏#72 | 5400 | -80 | -100 | 5700 | 主力合约 | 5678 | -202 | -142 | | | 内蒙#72 | 5400 | -50 | -50 | 5750 | 01合约 | 5652 | -214 | -360 | | 产区汇总价 | 青海#72 | 5400 | -50 | -100 | 5730 | 05合约 | 5780 | -210 | -356 | | | 陕西#72 | 5380 | -70 | -70 | 5680 | 09合约 | 5500 | -210 | -320 | | | 陕西#75 | 5900 | 0 | 100 | | 主力月基差 | 22 | 12 ...

1. Report Industry Investment Rating There is no information provided regarding the report industry investment rating in the given content. 2. Core Viewpoints of the Report - The overall atmosphere in the commodity market was weak yesterday, and the prices of finished steel products showed a weak and fluctuating trend. If the subsequent demand cannot be effectively restored, steel prices may not maintain their current levels, and the futures prices may gradually return to the supply - demand logic [3]. - For iron ore, although the current supply pressure is not significant, the short - term upward increase in hot metal may be limited, and the futures price may adjust slightly [6]. - For ferrosilicon and manganese silicon, due to the "anti - involution" sentiment, the prices have dropped significantly. It is recommended that investment positions remain on the sidelines, while hedging positions can participate opportunistically. In the long - term, the demand for both may weaken marginally [7][8][9]. - For industrial silicon and polysilicon, industrial silicon is expected to fluctuate weakly, and polysilicon is expected to fluctuate widely [13][14]. - For glass and soda ash, both are expected to fluctuate in the short - term. In the long - term, glass prices may follow macro - sentiment, and soda ash prices are expected to have a gradually rising price center, but their upward space may be limited [16][17]. 3. Summary by Related Catalogs Steel Products a. Price and Inventory Data - The closing price of the rebar main contract was 3126 yuan/ton, down 29 yuan/ton (- 0.91%) from the previous trading day. The registered warehouse receipts increased by 15,137 tons, and the main contract positions decreased by 1,199 lots. In the spot market, the aggregated prices in Tianjin and Shanghai decreased by 20 yuan/ton [2]. - The closing price of the hot - rolled coil main contract was 3416 yuan/ton, down 3 yuan/ton (- 0.08%) from the previous trading day. The registered warehouse receipts increased by 880 tons, and the main contract positions decreased by 17,753 lots. In the spot market, the aggregated price in Lecong increased by 10 yuan/ton, while that in Shanghai remained unchanged [2]. b. Fundamental Analysis - Rebar demand decreased significantly this week, with production basically flat compared to last week, and the inventory accumulation rate increased. Hot - rolled coil demand recovered significantly, with production basically flat compared to last week, and the inventory accumulation rate slowed down. Currently, both rebar and hot - rolled coil inventories are on the rise marginally, and although the profit of steel mills is good and production remains high, the demand - side support is insufficient [3]. Iron Ore a. Price and Inventory Data - The main contract (I2601) of iron ore closed at 771.00 yuan/ton, with a change of - 0.13% (- 1.00), and the positions increased by 674 lots to 449,600 lots. The weighted positions were 863,700 lots. The spot price of PB powder at Qingdao Port was 768 yuan/wet ton, with a basis of 44.81 yuan/ton and a basis rate of 5.49% [5]. b. Fundamental Analysis - In terms of supply, the latest overseas iron ore shipments and arrivals both increased. In terms of demand, the average daily hot metal output increased. In the inventory, port inventories increased slightly, and steel mill imported ore inventories increased significantly. The apparent demand for the five major steel products continued to weaken [6]. Manganese Silicon and Ferrosilicon a. Price and Inventory Data - On August 19, the main contract of manganese silicon (SM509) closed down 3.05% at 5842 yuan/ton. The spot price in Tianjin decreased by 100 yuan/ton. The main contract of ferrosilicon (SF511) closed down 3.44% at 5678 yuan/ton. The spot price in Tianjin decreased by 100 yuan/ton [7]. b. Fundamental Analysis - Affected by the "anti - involution" sentiment, the prices of ferrosilicon and manganese silicon have dropped significantly. The over - supply situation of manganese silicon has not changed, and its production has increased recently. The demand for both may weaken marginally in the future [8][9]. Industrial Silicon and Polysilicon a. Price and Inventory Data - The main contract of industrial silicon (SI2511) closed at 8625 yuan/ton, up 0.23% (+ 20). The weighted contract positions decreased by 15,419 lots to 537,492 lots. The main contract of polysilicon (PS2511) closed at 52,260 yuan/ton, down 0.04% (- 20). The weighted contract positions increased by 1889 lots to 323,092 lots [11][13]. b. Fundamental Analysis - For industrial silicon, the problems of over - capacity, high inventory, and insufficient demand have not changed. The demand in August can provide some support, but it is expected to fluctuate weakly. For polysilicon, the supply - demand situation is weak, and it is expected to fluctuate widely [12][13][14]. Glass and Soda Ash a. Price and Inventory Data - The spot price of glass in Shahe was 1160 yuan, unchanged from the previous day, and that in Central China was 1090 yuan, also unchanged. As of August 14, 2025, the total inventory of national float glass sample enterprises was 63.426 million heavy boxes, up 2.55% month - on - month. The spot price of soda ash was 1230 yuan, down 30 yuan from the previous day. As of August 18, 2025, the total inventory of domestic soda ash manufacturers was 1.8973 million tons, up 0.18% from last Thursday [16][17]. b. Fundamental Analysis - For glass, although the fundamentals are under pressure, the price adjustment space is limited. In the long - term, it follows macro - sentiment. For soda ash, it is expected to fluctuate in the short - term, and the price center may gradually rise in the long - term, but the upward space is limited [16][17].

大宗商品研究所 黑色金属研发报告 铁合金日报 第一部分 市场信息 研究员：周涛 期货从业证号： F03134259 黑色金属日报 2025 年 8 月 19 日 投资咨询证号： Z0021009 联系方式： :zhoutao_qh1@chinastock. com.cn | 期 货 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 期货合约 | 收盘价 | 日变动 | 周变动 | 成交量 | 日变化 | 持仓量 | 日变化 | | SF主力合约 | 5678 | -202 | -142 | 372552 | 155765 | 214474 | 18596 | | SM主力合约 | 5914 | -206 | -196 | 193093 | 80701 | 114885 | -27813 | | 现 货 | | | | | | | | | 硅铁 现货价格 | | 日变动 | 周变动 | 硅锰 | 现货价格 | 日变动 | 周变动 | | 72%FeSi内蒙 | 5500 | -50 | -50 | 硅锰6517内蒙 | 580 ...

Report Summary 1. Report Title - "Supply and Demand Lack Drive, Market Fluctuates Widely - Ferroalloy Weekly Report 20250818" [1] 2. Analyst Information - Research and Consulting Department: Peng Bohan - Contact: 0371 - 58630083 - Email: pengbh_qh@ccnew.com - Professional Certificate Number: F3076814 - Investment Consulting Number: Z0016415 [2] 3. Industry Investment Rating - Not provided in the report 4. Core Views - **Silicon Ferroalloy**: The market had wide - range fluctuations last week, with the focus shifting down in the second half of the week. Fundamentally, production increased, demand was in a weak off - season pattern, and the market was mainly driven by macro and coal industry policies, showing a short - term range - bound and center - rising trend [4]. - **Manganese Ferroalloy**: The market had wide - range fluctuations last week, with continuous decline from Tuesday. Fundamentally, production increased, demand was weak in the off - season, and the market was dominated by macro and coal industry policies, also showing a short - term range - bound and center - rising trend [23] 5. Summary by Variety Silicon Ferroalloy - **Supply**: 136 independent silicon ferroalloy enterprises had a weekly output of 11.28 tons (up 3.4% week - on - week and 10.6% year - on - year), and the production increase continued to expand, with the operating rate reaching a 4 - month high [4][6]. - **Demand**: Weak and stable. The consumption of silicon ferroalloy in five major steel products was 2.03 tons (up 0.2% week - on - week and 16.5% year - on - year), and the weekly output of five major steel products was 871.63 tons (up 0.28% week - on - week and 12.04% year - on - year) [7][9]. - **Inventory**: Manufacturers' inventory decreased. Enterprise inventory was 6.52 tons (down 9.18% week - on - week and up 5.44% year - on - year), and the steel mill inventory days in July were 14.25 days (down 1.13 days month - on - month and 0.98 days year - on - year) [10][12]. - **Cost**: Prices remained stable during the week. Although some raw material prices changed slightly, the overall cost and profit situation varied in different regions [13][15]. - **Futures and Spot**: The futures market had a slight premium. The number of silicon ferroalloy warehouse receipts was 20,916 (up 1,270 week - on - week and 7,182 year - on - year), and the basis of the 09 contract in Ningxia was - 132 yuan/ton, down 110 yuan/ton week - on - week [16][18]. - **Contract Position and Precipitated Funds**: Data on position and precipitated funds were presented in the form of charts, but specific numerical summaries were not provided in the text [19][20] Manganese Ferroalloy - **Supply**: 121 independent manganese ferroalloy enterprises had a weekly output of 20.7 tons (up 5.7% week - on - week and 3.5% year - on - year), and the production increase continued to expand, with the operating rate in Inner Mongolia rising to the highest level since March [23][25]. - **Demand**: Stable with a slight increase. The weekly consumption of manganese ferroalloy was 12.53 tons (up 0.1% week - on - week and 15.3% year - on - year), and the weekly output of five major steel products was 871.63 tons (up 0.28% week - on - week and 12.04% year - on - year) [26][28]. - **Inventory**: The decline in factory inventory slowed down. Enterprise sample inventory was 15.88 tons (down 1.67% week - on - week and 28.8% year - on - year), and the steel mill inventory days in July were 14.24 days (down 1.25 days month - on - month and 1.19 days year - on - year) [29][31]. - **Cost**: Manganese ore prices fluctuated. The inventory of manganese ore in ports increased slowly, and the cost and profit of manganese ferroalloy production in different regions changed slightly [36][39]. - **Futures and Spot**: The number of warehouse receipts decreased steadily. The number of manganese ferroalloy warehouse receipts was 74,797 (down 1,248 week - on - week and 60,999 year - on - year), and the basis of the 09 contract in Inner Mongolia was 124 yuan/ton, up 20 week - on - week [32][35]. - **Contract Position and Precipitated Funds**: Data on position and precipitated funds were presented in the form of charts, but specific numerical summaries were not provided in the text [40][41]

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Directory Price - For silicon ferroalloy, the latest prices for different regions and types on August 19, 2025, are presented, including natural blocks in Ningxia (72 at 5480 yuan), Inner Mongolia (72 at 5450 yuan), etc., with corresponding daily and weekly changes. For silicon manganese, the prices of different regions and types are also given, such as Inner Mongolia 6517 at 5820 yuan, with price changes [2]. - Multiple price - related historical data charts for silicon ferroalloy and silicon manganese from 2021 - 2025 are presented, including market prices, export prices, and contract closing prices [3][4][6]. Supply - For silicon ferroalloy, data on the production of 136 enterprises in China (monthly and weekly), capacity utilization in Inner Mongolia, Ningxia, and Shaanxi, and the export volume of China are provided. For silicon manganese, the production in China (weekly), procurement volume and price of Hebei Iron and Steel Group are presented [4][6]. Demand - Data on the demand for silicon manganese in China (in ten thousand tons, according to Steel Union's caliber), the production forecast of crude steel in China (monthly, in ten thousand tons), and the procurement volume of silicon ferroalloy by Hebei Iron and Steel Group are provided [4][7]. Inventory - For silicon ferroalloy, the inventory data of 60 sample enterprises in China (weekly), warehouse receipt quantity, effective forecast, and inventory average available days in different regions are provided. For silicon manganese, the warehouse receipt quantity, effective inventory, and inventory of 63 sample enterprises in China (weekly, in tons) are presented [5][7]. Cost and Profit - For silicon ferroalloy, data on electricity prices in different regions, the market price of semi - coke, production cost in Ningxia and Inner Mongolia, and corresponding profits are provided. For silicon manganese, the profits in Inner Mongolia, Guangxi, and different regions, as well as the profit of Guangxi silicon manganese converted to the main contract are presented [5][7].

Report Industry Investment Ratings - No specific industry investment ratings are provided in the report. Core Viewpoints - The report provides trend forecasts for various black - series commodities, including iron ore, rebar, hot - rolled coil, ferrosilicon, silicomanganese, coke, coking coal, and logs. For example, iron ore has support as the macro risk appetite has not significantly declined; rebar and hot - rolled coil are expected to have wide - range fluctuations; ferrosilicon is expected to have a weak - side fluctuation due to weak sector sentiment; silicomanganese is expected to have wide - range fluctuations with a firm spot quotation; coke and coking coal are expected to fluctuate at high levels; logs are expected to fluctuate repeatedly [2][5][8][9][13][16][19]. Summary by Commodity Iron Ore - **Trend Forecast**: Macro risk appetite has not significantly declined, and there is still support [2][5]. - **Fundamental Data**: The trend strength is 1. On August 15, 2025, the Trump administration of the United States announced an expansion of the scope of a 50% tariff on steel and aluminum imports, including hundreds of derivative products in the tariff - adding list [6]. Rebar and Hot - Rolled Coil - **Trend Forecast**: Both are expected to have wide - range fluctuations [2][8][9]. - **Fundamental Data**: For rebar futures contract RB2510, the closing price was 3,155 yuan/ton, down 28 yuan/ton (- 0.88%); for hot - rolled coil futures contract HC2510, the closing price was 3,419 yuan/ton, down 7 yuan/ton (- 0.20%). In early August 2025, key steel enterprises' average daily production of crude steel increased by 4.7% month - on - month, pig iron by 3.2% month - on - month, and steel decreased by 4.1% month - on - month. The trend strength of both is 0 [9][10][12]. Ferrosilicon and Silicomanganese - **Trend Forecast**: Ferrosilicon is expected to have a weak - side fluctuation due to weak sector sentiment; silicomanganese is expected to have wide - range fluctuations with a firm spot quotation [2][13]. - **Fundamental Data**: For example, the closing price of ferrosilicon 2509 was 5,710 yuan/ton, down 44 yuan; the closing price of silicomanganese 2509 was 6,026 yuan/ton, unchanged. As of August 16, the total manganese ore inventory decreased by 1.65 million tons month - on - month. The trend strength of both is 0 [13][14][15]. Coke and Coking Coal - **Trend Forecast**: Both are expected to fluctuate at high levels [2][16]. - **Fundamental Data**: For coking coal futures contract JM2601, the closing price was 1,187.5 yuan/ton, down 42.5 yuan (- 3.5%); for coke futures contract J2601, the closing price was 1,702 yuan/ton, down 27.5 yuan (- 1.6%). The trend strength of both is 0 [16][18]. Logs - **Trend Forecast**: Expected to fluctuate repeatedly [2][19]. - **Fundamental Data**: The price of various log products showed different changes in terms of closing price, trading volume, and position. For example, the closing price of the 2509 log contract decreased by 2.1% week - on - week. In July, the sales prices of commercial residential buildings in 70 large and medium - sized cities decreased month - on - month, and the year - on - year decline generally narrowed. The trend strength is 0 [20][22].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The overall atmosphere in the commodity market was weak yesterday, and the prices of finished steel products showed a weak and volatile trend. If the subsequent demand cannot be effectively repaired, steel prices may not maintain the current level, and the futures prices may gradually return to the supply - demand logic. Attention should be paid to the repair progress of terminal demand and the support of the cost side [4]. - The short - term price of iron ore may be slightly adjusted due to the weakening of terminal demand. It is necessary to pay attention to the subsequent shipping progress and the contradiction between high - level hot metal production and terminal demand [7]. - For ferrosilicon and manganese silicon, it is recommended that investment positions be mainly on the sidelines, while hedging positions can still participate opportunistically. The final price will move closer to the fundamentals after the sentiment fades, and it is necessary to pay attention to the changes in downstream terminal demand [8][9][10]. - Industrial silicon prices are expected to fluctuate weakly, and polysilicon prices are expected to fluctuate widely. Attention should be paid to the resumption of production in major production areas and the impact of policies [13][14][15]. - In the short term, glass and soda ash are expected to fluctuate. In the long term, glass prices follow macro - sentiment fluctuations, and soda ash prices are affected by supply - side and market sentiment under the "anti - involution" logic [17][18]. 3. Summary by Category Steel - **Prices and Positions**: The closing price of the rebar main contract was 3155 yuan/ton, down 33 yuan/ton (- 1.03%) from the previous trading day. The closing price of the hot - rolled coil main contract was 3419 yuan/ton, down 20 yuan/ton (- 0.58%) from the previous trading day. The positions of both decreased [3]. - **Fundamentals**: Rebar demand decreased significantly this week, inventory accumulation accelerated, while hot - rolled coil demand recovered significantly, and inventory accumulation slowed down. Both rebar and hot - rolled coil inventories are rising marginally, with high production but insufficient demand [4]. Iron Ore - **Prices and Positions**: The main contract of iron ore (I2601) closed at 772.00 yuan/ton, with a change of - 0.52% (- 4.00), and the position increased by 1577 hands to 44.89 million hands [6]. - **Fundamentals**: Overseas iron ore shipments and arrivals increased. The daily average hot - metal output increased, and port and steel mill inventories both increased. Terminal demand weakened, and short - term prices may be adjusted [7]. Ferrosilicon and Manganese Silicon - **Prices**: On August 18, the manganese silicon main contract (SM509) closed flat at 6026 yuan/ton, and the ferrosilicon main contract (SF511) fell 0.88% to 5880 yuan/ton [8]. - **Market Suggestion**: Investment positions are recommended to wait and see, while hedging positions can participate according to their own situation. The "anti - involution" sentiment still disturbs the market, and prices will gradually return to fundamentals [8][9]. Industrial Silicon and Polysilicon - **Industrial Silicon** - **Prices and Positions**: The main contract of industrial silicon (SI2511) closed at 8605 yuan/ton, down 2.27% (- 200). The weighted contract position increased by 20923 hands to 552911 hands [12]. - **Fundamentals**: The problems of over - capacity, high inventory, and insufficient demand have not changed. The operating rate is expected to rise in August, and prices are expected to fluctuate weakly [13][14]. - **Polysilicon** - **Prices and Positions**: The main contract of polysilicon (PS2511) closed at 52280 yuan/ton, down 0.87% (- 460). The weighted contract position decreased by 1658 hands to 321203 hands [14]. - **Fundamentals**: The weekly output increased, inventory clearance was limited, and prices are expected to fluctuate widely [15]. Glass and Soda Ash - **Glass** - **Prices and Inventory**: The spot price in Shahe was 1160 yuan, down 4 yuan from the previous day. The national floating - glass inventory increased, and the inventory days increased. The market sentiment has been digested, and prices are expected to fluctuate in the short term [17]. - **Long - term Outlook**: In the long term, it follows macro - sentiment fluctuations, and if there are substantial real - estate policies, prices may rise [17]. - **Soda Ash** - **Prices and Inventory**: The spot price was 1260 yuan, down 20 yuan from the previous day. The total inventory of domestic soda ash manufacturers increased slightly. Prices are expected to fluctuate in the short term [18]. - **Long - term Outlook**: In the long term, under the "anti - involution" logic, prices are affected by supply - side and market sentiment, but the rise is limited by demand [18].

2025 年 8 月 18 日 硅铁：板块情绪偏弱，偏弱震荡 锰硅：板块情绪偏弱，偏弱震荡 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 | 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2509 | 5754 | | 10 | 57,163 | 60,480 | | 期 货 硅 铁2510 | 5732 | | 8 | 108,161 | 60,258 | | 锰 硅2509 | 6026 | | -24 | 177,513 | 153,180 | | 锰 硅2510 | 6032 | | -22 | 37,158 | 53,010 | | | 项 目 | | 价 格 | 较前一交易日 | 单 位 | | 硅 | 铁:FeSi75-B:汇总价格:内 | 蒙 | 5450 | - ...

1. Report Industry Investment Rating - There is no information about the industry investment rating in the provided content. 2. Core Viewpoints - There are no explicit core viewpoints presented in the given content. The report mainly offers a comprehensive set of data on the ferroalloy market, including prices, supply, demand, inventory, and cost - profit aspects. 3. Summary by Related Catalogs Price - **Silicon Iron**: On August 18, 2025, the latest price of Ningxia 72 silicon iron natural block was 5450 yuan, with a daily change of - 50 yuan and a weekly change of 50 yuan; the price of Inner Mongolia 72 was 5450 yuan, with no daily or weekly change; the price of Shaanxi 75 was 5800 yuan, with no change. The export price of Tianjin 72 was 1025 US dollars, and that of Tianjin 75 was 1075 US dollars, both with no change [2]. - **Silicon Manganese**: The latest price of Inner Mongolia 6517 silicon manganese was 5800 yuan, with no change; Ningxia 6517 was 5800 yuan, with a daily change of - 70 yuan; Guangxi 6517 was 5900 yuan, with a weekly change of 30 yuan [2]. Supply - **Silicon Iron**: The report shows historical data on the production of 136 silicon - iron enterprises in China (monthly and weekly), and the capacity utilization rate of these enterprises in Inner Mongolia, Ningxia, and Shaanxi (monthly) from 2021 - 2025 [4]. - **Silicon Manganese**: It provides historical data on the production of silicon manganese in China (weekly) from 2021 - 2025, as well as the procurement price and quantity of Hebei Iron and Steel Group (monthly) [6]. Demand - **Silicon Iron**: Related demand data includes the production forecast of Chinese crude steel (monthly), the production of Chinese stainless - steel crude steel (monthly), and the procurement volume of Hebei Iron and Steel Group (monthly) from 2021 - 2025 [4]. - **Silicon Manganese**: The report presents the demand volume of silicon manganese in China (in ten thousand tons, according to the Steel Union's data) from 2021 - 2025 [7]. Inventory - **Silicon Iron**: It contains historical data on the inventory of 60 sample enterprises in China (weekly), the inventory in Ningxia, Inner Mongolia, and Shaanxi (weekly), and the inventory in different regions (monthly) from 2021 - 2025 [5]. - **Silicon Manganese**: The report shows historical data on the total number of warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective inventory (daily), as well as the inventory of 63 sample enterprises in China (weekly, in tons) from 2021 - 2025 [7]. Cost - Profit - **Silicon Iron**: Data includes electricity prices in different regions (daily), the market price of blue charcoal (daily), the production profit of blue charcoal (daily), and the production cost and profit of silicon iron in Inner Mongolia and Ningxia from 2021 - 2025 [5]. - **Silicon Manganese**: It provides the profit of silicon manganese in Inner Mongolia, Guangxi, the northern and southern regions (in yuan per ton, according to the Steel Union's data), and the profit of Guangxi and Ningxia silicon manganese converted to the main contract from 2021 - 2025 [7].

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].