铁合金早报 | | | | | | | | | | 2026/1/7 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 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 | 5270 | 0 | -30 | 5570 | 主力合约 | 5776 | 152 | 26 | | | 内蒙#72 | 5280 | 0 | -40 | 5630 | 01合约 | 5572 | 112 | 8 | | 产区汇总价 | 青海#72 | 5250 | 0 | -30 | 5580 | 05合约 | 5738 | 144 | 32 | | | 陕西#72 | 5250 | 0 | -20 | 5550 | 09合约 | 5800 | 126 | 30 | | | 陕西#75 | 5650 | 0 | 0 | | 主力月基差 | -206 | -152 | -56 | | 硅铁合格块 | 江苏# ...

研究所 黑色金属研发报告 黑色金属日报 2026 年 1 月 6 日 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 投资咨询证号： Z0021009 联系方式： :zhoutao_qh1@chinastock. 研究所 黑色金属研发报告 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 | 5776 | 152 | 104 | 327236 | 148527 | 227324 | 30174 | | SM主力合约 | 5918 | 44 | 78 | 274550 | 133285 | 269557 | 83 | | 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 | 5360 | 0 | 10 | 硅锰6517内蒙 | 5630 | ...

| 钢材产业期现日报 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | 投资咨询业务资格:证监许可 [2011] 1292号 2026年1月6日 | | | 問敏波 | 20010559 | | | | 钢材价格及价差 | | | | | | | 现值 | 品种 | | 前自 | 涨跌 | 其差 | 单位 | | 3290 | 螺纹钢现货(华东) | | 3300 | -10 | 202 | | | 3160 | 螺纹钢现货(华北) | | 3170 | -10 | 72 | | | 3250 | 螺纹钢现货(华南) | | 3260 | -10 | 162 | | | 3122 | 螺纹钢05合约 | 3104 | | -18 | 186 | | | 3146 | 螺纹钢10合约 | | 3162 | -16 | 144 | | | 3088 | 螺纹钢01合约 | | 3100 | -12 | 202 | | | 3250 | 热卷现货(华东) | | 3270 | -20 | 30 | 元/中 | | 3170 | 热卷现货(华北 ...

Report Title - The report is titled "Iron Alloy Morning Report" [1] Report Industry Investment Rating - No industry investment rating is provided in the report Core Viewpoints - No core viewpoints are provided in the report Summary by Relevant Catalogs Price - For silicon iron, on January 6, 2026, the latest prices of 72 silicon iron in different regions were: 5270 yuan in Ningxia (down 30 yuan daily, up 20 yuan weekly), 5280 yuan in Inner Mongolia (down 40 yuan daily, up 10 yuan weekly), 5250 yuan in Qinghai (unchanged daily and weekly), and 5250 yuan in Shaanxi (down 20 yuan daily, up 30 yuan weekly). The price of 75 silicon iron in Shaanxi was 5650 yuan (unchanged daily and weekly). The export price of 72 silicon iron in Tianjin was 1025 US dollars (up 5 US dollars daily and weekly), and that of 75 silicon iron was 1075 US dollars (up 5 US dollars daily and weekly) [2] - For silicon manganese, on January 6, 2026, the latest factory - ex prices of 6517 silicon manganese in different regions were: 5650 yuan in Inner Mongolia (unchanged daily, up 60 yuan weekly), 5570 yuan in Ningxia (unchanged daily, up 50 yuan weekly), 5730 yuan in Guangxi (down 20 yuan daily, up 30 yuan weekly), and 5700 yuan in Guizhou and Yunnan (unchanged daily, up 50 yuan weekly). The price of 6014 silicon manganese in Guangxi was 5050 yuan (unchanged daily and weekly) [2] Supply - The monthly production of silicon iron by 136 Chinese enterprises from 2022 - 2026 is presented in the report, as well as the weekly production of 136 silicon iron enterprises (with a capacity ratio of 95%) during the same period. The monthly capacity utilization rates of 136 silicon iron production enterprises in Inner Mongolia, Ningxia, and Shaanxi from 2022 - 2026 are also provided [5] - The weekly production of silicon manganese in China from 2022 - 2026 is shown, along with the monthly procurement price and quantity of 6517 silicon manganese by Hebei Iron and Steel Group during this period [7] Demand - The report shows the monthly estimated and corrected production of crude steel in China from 2022 - 2026, the monthly production of stainless - steel crude steel in China, the monthly procurement quantity and price of FeSi75 - B silicon iron by Hebei Iron and Steel Group, and the monthly demand for silicon manganese in China (according to Steel Union's data) from 2022 - 2026 [5][8] Inventory - For silicon iron, the weekly inventory data of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi from 2022 - 2026 are provided, as well as the daily total number of silicon iron warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts on the Zhengzhou Commodity Exchange during the same period. The monthly average available days of silicon iron inventory in East China, South China, North China, and the whole of China are also presented [6] - For silicon manganese, the daily total number of silicon manganese warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective inventory on the Zhengzhou Commodity Exchange from 2022 - 2026 are shown. The weekly inventory data of 63 sample enterprises in China from 2022 - 2026, the monthly average available days of silicon manganese inventory in China, and the monthly export quantity of silicon manganese in China are also provided [8] Cost and Profit - For silicon iron, the report presents the electricity prices in Inner Mongolia, Qinghai, Ningxia, and Shaanxi from 2022 - 2026, the market mainstream price of small - sized semi - coke in Shaanxi, the production cost of silicon iron in Ningxia and Inner Mongolia, the profit of silicon iron in Ningxia when converted to the main contract on the futures market and the spot profit, and the export profit of 75 - grade silicon iron [6] - For silicon manganese, the report shows the profit of silicon manganese in Inner Mongolia, Guangxi, the northern region, and the southern region (according to Steel Union's data), the profit of Guangxi's silicon manganese when converted to the main contract on the futures market, and the profit of Ningxia's silicon manganese when converted to the futures market from 2022 - 2026 [8]

研究所 黑色金属研发报告 黑色金属日报 2026 年 1 月 5 日 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 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 | 5624 | -48 | -68 | 178709 | -46606 | 218692 | 8632 | | SM主力合约 | 5874 | -46 | 28 | 141265 | -5295 | 269474 | 1707 | | 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 | 5360 | -40 | 10 | 硅锰6517内蒙 | 5650 | 0 | 60 | | ...

（来源：锰言硅语） 《铁合金在线》2026-1-5：今日硅锰期货开盘后震荡下行，主力合约跌下5900线，高位凸显不稳定性。 现货市场方面，工厂报价暂时与节前持平，北方集中在5600-5700元/吨区间，南方集中在5750-5800元/ 吨区间，节前南北5600-5650元/吨区间有部分成交，下游钢招定标在5850元/吨以上。河北代表钢厂尚未 进场采购，开盘首日下跌冲击下，贸易商信心有所动摇。今日期现报价北方产区提货05合约下浮350- 400区间，近期贸易零售成交多集中在5450-5500元/吨区间。 锰矿相对坚挺运行，天津港锰矿现货（元/吨度）：CML澳块报价44，成交43-44；South32澳块报价 42，成交41.5-42；南非块报价35.5-36，成交35-35.5；加蓬块报价43-43.5，成交42.5-43；钦州港South32 澳块报价41.5-42，成交41-41.5；CML澳块报价42-42.5，成交41.5-42；南非块报价35.5-36，成交35- 35.5；澳籽分指标报价35.5-37；加蓬块报价41.5-42。锰矿库存方面，截止12月31日天津港库存338.88万 吨，环比下降11 ...

光期研究 见微知著 铁合金策略月报 202 6 年 1 月 1 光大证券 2020 年 半 年 度 业 绩 E V E R B R I G H T S E C U R I T I E S 铁合金：节前有补库需求，价格有一定支撑 p 2 铁合金：节前有补库需求，价格有一定支撑 锰 硅 供应：依据铁合金在线数据，12月全国锰硅产量92.85万吨，环比小幅增加，全年锰硅产量1089.05万吨，同比增加36万吨，增幅为 3.4%。 需求：螺纹产量、样本钢厂锰硅需求量当周值均处于历史同期偏低水平。11月我国粗钢产量6987.1万吨，同比下降10.88%。截至12月 末，样本钢厂锰硅需求量当周值11.26万吨，环比增加0.22%，绝对值仍位于近年来同期最低值。12月钢厂锰硅库存可用天数为15.52天，环比 下降0.32天，同比下降0.33天。 库存：样本企业库存持续累积，刷新近年来新高。12月63家样本企业库存持续累积，截至12月末为38.6万吨，刷新近年来新高，同比 增幅超18万吨。 成本与利润：主要原材料价格持稳。依据铁合金在线，截至12月末，内蒙地区锰硅生产成本约5695元/吨，利润率约-2.01%；宁夏地 区约5 ...

钢材：供需压力逐步累积，钢价或将震荡偏弱 来源：市场资讯 （邱跃成，从业资格号：F3060829；交易咨询资格号：Z0016941） 需求：1—11月全国固定资产投资同比下降2.6%，降幅较1-10月扩大0.9个百分点；其中房地产开发投资 同比下降15.9%，降幅较1-10月扩大1.2个百分点；基建投资同比下降1.1%，降幅较1-10月扩大1个百分 点；制造业投资增长1.9%，增幅较1-9月收窄0.8个百分点。投资增速延续全面下行态势，钢材需求表现 低迷。12月螺纹周均表需208万吨，环比11月回落7%；12月热卷周均表需308万吨，环比11月回落3%。 12月钢材需求表现整体符合季节性特征，同比基本维持稳定。1月份随着气温进一步下降及春节临近， 国内钢材市场需求将明显走弱。 供应：1-11月我国粗钢产量分别为89167万吨和77405万吨，同比分别下降4%和2.3%；其中11月粗钢和 生铁产量分别为6987万吨和6234万吨，同比分别下降10.9%和下降8.7%。12月247家铁水产量明显回 落，12月末日均铁水产量为226.58万吨，较11月末下降8.1万吨。12月五大材、螺纹、热卷产量均出现下 降，五大 ...

4500 5500 6500 7500 8500 9500 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：内蒙古（日） 2022 2023 2024 2025 2026 4000 5000 6000 7000 8000 9000 10000 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：青海 2022 2023 2024 2025 2026 4000 5000 6000 7000 8000 9000 10000 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：宁夏 2022 2023 2024 2025 2026 4500 5500 6500 7500 8500 9500 01/01 02/01 03/01 04/01 05/01 06/01 07/0 ...

| 钢材产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 [2011] 1292号 2026年1月5日 | | | 問敏波 | Z0010559 | | | 钢材价格及价差 | | | | | | | 品种 | 现值 | FUTT | 张跌 | 其差 | 单位 | | 螺纹钢现货(华东) | 3300 | 3300 | 0 | 200 | | | 螺纹钢现货(华北) | 3170 | 3170 | 0 | 70 | | | 螺纹钢现货(华南) | 3260 | 3260 | 0 | 160 | | | 螺纹钢05合约 | 3122 | 3134 | -12 | 178 | | | 螺纹钢10合约 | 3162 | 3177 | -12 | 138 | | | 螺纹钢01合约 | 3100 | 3113 | -13 | 200 | | | 热卷现货(华东) | 3270 | 3270 | 0 | 40 | 元/旺 | | 热卷现货 (华北) | 3180 | 3180 | 0 | -41 | | | 热卷现货(华南) ...