Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Related Catalogs Price - The report provides price data for various silicon and manganese alloys, including different grades and regions. For example, the latest price of Ningxia 72 silicon iron is 5200, with a daily change of -50 and a weekly change of -150 [1]. - It also shows price differences between different contracts (e.g., 1 - 5, 5 - 9, 9 - 1) and basis differences for silicon iron and silicon manganese [1][3]. Supply - Data on the production of silicon iron and silicon manganese is presented, such as the monthly and weekly production of 136 silicon iron enterprises in China and the production of silicon manganese in China [4][6]. - The capacity utilization rates of silicon iron production enterprises in Inner Mongolia, Ningxia, and Shaanxi are also included [4]. Demand - Information about the demand for silicon iron and silicon manganese is provided, including the estimated demand for silicon manganese in China and the procurement volume and price of silicon iron and silicon manganese by Hebei Iron and Steel Group [4][6][7]. - The production of related downstream products like crude steel, stainless - steel crude steel, and metal magnesium is also shown, which can reflect the demand for these alloys [4]. Inventory - Inventory data for silicon iron and silicon manganese are given, including the inventory of 60 sample enterprises of silicon iron in different regions and the inventory - related data of silicon manganese (e.g., warehouse receipts, effective forecasts) [5][7]. Cost and Profit - The report includes cost - related data such as electricity prices for iron alloys in different regions and the market price of raw materials like blue charcoal and manganese ore [5][6]. - Profit data for silicon iron and silicon manganese are also presented, such as the production profit of blue charcoal, the profit of silicon iron in Ningxia and Inner Mongolia, and the profit of silicon manganese in different regions [5][7].

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The manganese ore supply surplus situation persists, with sluggish market transactions. Before the holiday, the silicon-manganese futures market showed a continuous weak oscillation, dragging down the spot price. Silicon-manganese manufacturers maintain firm quotes, but downstream steel mills are cautious in purchasing silicon-manganese. Attention should be paid to the actual transaction situation in the silicon-manganese market after the holiday, with a neutral outlook. - The spot price is 5400 yuan/ton, and the basis of the 09 contract is -78 yuan/ton, indicating that the spot is at a discount to the futures, which is bearish. - The inventory of 63 independent silicon-manganese enterprises in the country is 186,100 tons, and the average available days of inventory for 50 steel mills in the country is 15.15 days, which is bullish. - The MA20 is downward, and the futures price of the 09 contract closes below the MA20, which is bearish. - The net long position of the main contract has changed from short to long, which is bullish. - It is expected that the price of manganese-silicon will oscillate this week, with the SM2509 contract oscillating between 5400 - 5580 yuan/ton [3]. Summary by Relevant Catalogs Manganese-Silicon Supply - **Capacity**: There are charts showing the monthly production capacity of silicon-manganese enterprises in China [7]. - **Annual Production**: There are charts presenting the annual production of silicon-manganese in various regions of China, including Guangxi, Guizhou, Inner Mongolia, Ningxia, Yunnan, and other areas [9]. - **Weekly, Monthly Production, and Operating Rate**: There are charts depicting the weekly and monthly production of silicon-manganese in China and the weekly operating rate of silicon-manganese enterprises [12]. - **Regional Production**: There are charts showing the monthly production of silicon-manganese in Inner Mongolia, Ningxia, and Guizhou, as well as the daily average production in Inner Mongolia, Ningxia, Guizhou, and Guangxi [13][14]. Manganese-Silicon Demand - **Steel Tender Purchase Volume**: There are charts displaying the monthly purchase volume of silicon-manganese by Hebei Iron and Steel Group, Shagang Co., Ltd., and Nanjing Iron and Steel Co., Ltd., as well as the weekly demand for silicon-manganese in China [15]. - **Steel Tender Purchase Price**: There are charts showing the monthly purchase prices of silicon-manganese by Baoshan Iron and Steel Co., Ltd., Baowu Egang, Chengde Jianlong, Heilongjiang Jianlong, Yangchun Iron and Steel, Jilin Jianlong, and Nanjing Iron and Steel Co., Ltd. [17]. - **Daily Average Hot Metal and Profit**: There are charts presenting the weekly daily average hot metal production and the weekly profitability of 247 steel enterprises in China [19]. Manganese-Silicon Import and Export - There are charts showing the monthly import and export volumes of ferromanganese in China [21]. Manganese-Silicon Inventory - There are charts depicting the weekly inventory of 63 sample silicon-manganese enterprises in China, the monthly average available days of inventory in China, and the monthly average available days of inventory in the northern region and East China [23]. Manganese-Silicon Cost - **Manganese Ore Import Volume**: There are charts showing the monthly import volume of manganese ore through different trade methods, the monthly import volume of manganese ore from Gabon to China, the monthly total import volume of manganese ore from southern Africa to China, and the monthly import volume of manganese ore from Australia to China [25]. - **Manganese Ore Port Inventory and Available Days**: There are charts presenting the weekly port inventory of manganese ore in China, the weekly port inventory of manganese ore in Qinzhou Port and Tianjin Port, and the weekly average available days of manganese ore inventory in China [27]. - **High-Grade Manganese Ore Port Inventory**: There are charts showing the weekly port inventory of Australian, Gabonese, and Brazilian manganese ore in Qinzhou Port and Tianjin Port [29]. - **Tianjin Port Manganese Ore Price**: There are charts displaying the daily aggregated prices of South African semi-carbonate manganese ore (Mn36.5%), Australian manganese ore (Mn45%), and Gabonese manganese ore (Mn44.5%) in Tianjin Port [30]. - **Regional Cost**: There are charts showing the daily cost of silicon-manganese in Inner Mongolia, the northern region, Ningxia, the southern region, and Guangxi [33]. Manganese-Silicon Profit - There are charts showing the daily profit of silicon-manganese in the northern region, the southern region, Inner Mongolia, Ningxia, and Guangxi [35].

2025 年 6 月 3 日 硅铁：需求预期不佳，弱势震荡 锰硅：港口矿成交承压，弱势震荡 李亚飞 投资咨询从业资格号：Z0021184 liyafei2@gtht.com 2、铁合金在线：截止本周五锰矿库存更新：天津港库存 311.16 吨，环比减少 13.2 万吨；钦州港库存 94.57 万吨，环比下降 1.63 万吨；曹妃甸港口库存 0 万吨，本周未有新船入库；防城港库存 9 万吨， 环比增加 1 万吨；截止 5 月 30 日锰矿库存总量 414.73 万吨，环比下降 13.83 万吨。 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2507 | 5298 | -24 | 250,921 | 148,979 | | 期货 | 硅铁2509 | 5172 | -54 | 135,817 | 198,768 | | | 锰硅2506 | 5436 | -56 ...

Group 1: Market Overview - The current price for 72 silicon iron is reported at 5200-5300 CNY/ton, down 50-100 CNY from last week, with a year-on-year decrease of 2250 CNY[15] - The total production of silicon iron in May is estimated at 405,200 tons, a decrease of 41,700 tons from April, indicating a supply reduction[24] - The average operating rate for silicon iron producers is 46.39%, down 4.28% month-on-month, reflecting a decline in production capacity utilization[27] Group 2: Cost and Pricing Dynamics - The cost of silicon iron in Qinghai is reported at 5624 CNY/ton, with a loss of 324 CNY, while costs in Ningxia and Gansu are 5830.51 CNY/ton and 5733 CNY/ton, respectively, both showing significant losses[24] - The price of manganese silicon is reported at 5500-5550 CNY/ton, with a decrease of 200 CNY from the previous week, and a year-on-year drop of 3150 CNY[8] - Manganese ore prices are under pressure, with half-carbonate reported at 33-33.5 CNY/ton, reflecting a weak market[8] Group 3: Supply and Demand Trends - The inventory of silicon iron at steel mills has decreased to 15.3 days, down 1.55% from the previous month, indicating a tightening supply situation[38] - Manganese silicon inventory has decreased significantly, with a total of 536,865 tons, down 20,905 tons from the previous week, suggesting a reduction in available supply[10] - The overall market sentiment remains pessimistic, with trade transactions being limited and a lack of willingness to stockpile materials[5] Group 4: Future Outlook - The market is expected to see a weak support level around 5200 CNY for the July contract, with ongoing concerns about production recovery in Ningxia[4] - The anticipated recovery in production may not meet expectations, as the industry continues to face significant losses and a prolonged downtrend[54] - The overall industry is experiencing a prolonged period of losses, with over 90% of production currently operating at a loss, indicating a challenging environment ahead[54]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - For silicon manganese, the cost support is expected to weaken, and the industrial fundamentals have improved, but due to the overall decline in the prices of the black series, the market bearish sentiment remains. The medium - and short - term market may still be in the process of finding or establishing a bottom, with prices remaining weak. The main contract reference range is [5250, 5800] [3]. - For silicon iron, under the background of industrial production cuts, the supply - demand contradiction has eased. The current supply has dropped to the lowest level in the same period, while the demand faces the risk of seasonal decline, and the cost support is still insufficient. The market may continue to find a bottom, and prices are expected to remain weak. The main contract reference range is [5150, 5500] [45]. 3. Summary by Relevant Catalogs Silicon Manganese Supply and Demand Analysis - Supply: In May, production and operating rates declined significantly, with factories in both northern and southern regions undergoing maintenance. Some factories have resumed production slightly after maintenance. The daily output in Inner Mongolia is 13,400 tons, still at a relatively high level in the same period. Yunnan factories also have plans to resume production in June. The estimated total national silicon manganese production in May is about 740,000 tons [3]. - Demand: In May, hot metal production declined month - on - month and may have peaked, but it is still at a relatively high level in the same period, providing short - term rigid support for silicon manganese demand. In terms of steel procurement, the mainstream steel mills' procurement price of silicon manganese alloy in May was 5,850 yuan/ton, a decrease of 100 yuan/ton compared to April, and the procurement quantity was 11,600 tons, an increase of 200 tons compared to April. Most steel mills' tender prices decreased, with strong price - pressing sentiment. Recent news of crude steel production restrictions has disturbed the market [3]. Manganese Ore Overview - The news of South Africa's export restrictions briefly disturbed the market, but its impact has gradually dissipated. The manganese ore market remains weak, with low trading volume, and factories mainly replenish stocks on demand. In May, shipping and arrival volumes increased significantly, while the port clearance volume declined from a high level. South32 has resumed shipping, but the overall shipping volume is low. It is expected that port inventories will slowly recover at a low level [3]. Cost and Profit - The entire industry's loss has intensified, and the expectation of production cuts remains. However, the room for further production cuts in the southern region is limited, and attention should be paid to the operating conditions in low - cost regions. The second - round price cut of coke has been implemented, and there is still an expectation of further price cuts. Electricity prices in both northern and southern regions have decreased to varying degrees, and there is still an expectation of an electricity price cut in Ningxia in June [3]. Market Outlook - Overall, the cost support for silicon manganese is expected to weaken. Although the industrial fundamentals have improved, the market bearish sentiment remains due to the overall decline in the prices of the black series. The medium - and short - term market may still be in the process of finding or establishing a bottom, with prices remaining weak. The upward drive depends on "deep production cuts" in the industry or external environmental disturbances [3]. Silicon Iron Supply and Demand Analysis - Supply: In May, production and operating rates declined significantly. Since mid - April, more factories in production areas have undergone maintenance, and the operating rates in multiple production areas have dropped to the lowest level in the same period. The estimated total national production in May is 410,000 - 420,000 tons [44]. - Demand: In the short term, steel mills' profits still support the high - level hot metal production, and the demand for silicon iron remains resilient. The progress of steel procurement in May was slow, with most steel mills' tender prices decreasing to varying degrees, and strong price - pressing sentiment. A leading steel mill's procurement price of silicon iron alloy in May was 5,800 yuan/ton, a decrease of 150 yuan/ton compared to April, and the procurement quantity was 2,130 tons, an increase of 430 tons compared to April. Non - steel demand: The downstream magnesium metal market remains weak, with low trading volume, and cannot strongly support silicon iron. In terms of exports, the export volume of silicon iron increased month - on - month in April, but the cumulative export volume from January to April decreased significantly compared to the same period last year. Affected by the increase in Southeast Asian orders, the export volume in May is expected to increase slightly month - on - month but still be lower than the level of the same period last year [44]. Cost and Profit - The semi - coke market remains weakly stable. The price of lump coal at the raw material end continues to be weak, and cannot strongly support the semi - coke price. The maintenance season in May is coming to an end, and factories may gradually resume production. The price of small materials in Shaanxi decreased by 40 yuan/ton this month. There is still an expectation of an electricity price cut in Ningxia, and attention should be paid to the electricity price changes in each production area [44]. Market Outlook - Under the background of industrial production cuts, the supply - demand contradiction has eased. The current supply has dropped to the lowest level in the same period, while the demand faces the risk of seasonal decline, and the cost support is still insufficient. The market may continue to find a bottom, and prices are expected to remain weak [45].

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Related Catalogs Price - For silicon ferroalloy on May 30, 2025, the latest price of Ningxia 72 silicon ferroalloy natural block was 5250 yuan, with no daily change and a weekly decrease of 100 yuan; the main contract price was 5322 yuan, with a daily decrease of 130 yuan and a weekly decrease of 300 yuan. The export price of Tianjin 72 silicon ferroalloy was 1055 US dollars, with no daily or weekly change. For silicon manganese, the latest price of Inner Mongolia 6517 was 5500 yuan, with a daily decrease of 50 yuan and a weekly decrease of 80 yuan; the main contract price was 5530 yuan, with a daily decrease of 76 yuan and a weekly decrease of 468 yuan [2]. Supply - The content shows the production and capacity utilization data of 136 silicon ferroalloy enterprises in China from 2021 - 2025, including monthly and weekly production, and monthly capacity utilization in Inner Mongolia, Ningxia, and Shaanxi. It also presents the production data of silicon manganese in China from 2021 - 2025 [4]. Demand - The content provides data on the demand for silicon ferroalloy and silicon manganese in China from 2021 - 2025, including the demand for silicon manganese (in ten thousand tons, according to the Steel Union's caliber), and the procurement volume and price of silicon ferroalloy FeSi75 - B by Hebei Iron and Steel Group on a monthly basis [4][7]. Inventory - It shows the inventory data of 60 sample silicon ferroalloy enterprises in China, Ningxia, Inner Mongolia, and Shaanxi from 2021 - 2025 on a weekly basis, as well as the warehouse receipt quantity, effective forecast, and inventory average available days in different regions. For silicon manganese, it presents the warehouse receipt quantity, effective forecast, and inventory data of 63 sample enterprises in China from 2021 - 2025 [5][7]. Cost and Profit - The content includes the electricity price data of ferroalloys in Qinghai, Ningxia, Shaanxi, and Inner Mongolia from 2021 - 2025, the market price of semi - coke small materials in Shaanxi, the production profit of semi - coke in China, and the production cost and profit data of silicon ferroalloy in Ningxia and Inner Mongolia. For silicon manganese, it shows the profit data in Inner Mongolia, Guangxi, the northern and southern regions, and the profit of Guangxi silicon manganese converted to the main contract [5][7].

| 项目类别 | 数据指标 | 最新 | 环比 | 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | --- | | | SM主力合约收盘价（日，元/吨） | 5,530.00 | -76.00↓ | SF主力合约收盘价（日，元/吨） | 5,322.00 | -130.00↓ | | | SM期货合约持仓量（日，手） | 626,180.00 | +9238.00↑ | SF期货合约持仓量（日，手） | 445,469.00 | -10182.00↓ | | 期货市场 | 锰硅前20名净持仓（日，手） | -32,543.00 | +19917.00↑ | 硅铁前20名净持仓（日，手） | -18,441.00 | +7573.00↑ | | | SM1-9月合约价差（日，元/吨） | 46.00 | | +4.00↑ SF1-9月合约价差（日，元/吨） | 50.00 | 0.00 | | | SM 仓单（日，张） | 111,154.00 | | -799.00↓ SF 仓单（日，张） | 16,953.00 | -127.00↓ | | | ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - No clear core viewpoints provided in the given text 3. Summary by Related Catalogs Price - For silicon ferroalloy on May 29, 2025, the latest price of Ningxia 72 silicon ferro - natural block is 5250 yuan, with no daily change and a weekly decrease of 100 yuan; the latest price of Inner Mongolia 72 is 5320 yuan, with no daily change and a weekly decrease of 80 yuan; the latest price of Qinghai 72 is 5300 yuan, with a daily decrease of 50 yuan and a weekly decrease of 100 yuan; the latest price of Shaanxi 72 is 5250 yuan, with no daily change and a weekly decrease of 100 yuan; the latest price of Shaanxi 75 is 5900 yuan, with no daily or weekly change [2]. - For silicon manganese on May 29, 2025, the factory - ex price of Inner Mongolia 6517 is 5550 yuan, with no daily change and a weekly decrease of 30 yuan; the factory - ex price of Ningxia 6517 is 5400 yuan, with no daily change and a weekly decrease of 130 yuan; the factory - ex price of Guangxi 6517 is 5550 yuan, with no daily change and a weekly decrease of 50 yuan; the factory - ex price of Guizhou 6517 is 5500 yuan, with no daily change and a weekly decrease of 80 yuan; the factory - ex price of Yunnan 6517 is 5500 yuan, with no daily change and a weekly decrease of 70 yuan [2]. Supply - There are long - term data trends of the production of 136 silicon ferro enterprises in China (monthly and weekly, with a capacity proportion of 95%), and the capacity utilization rates of 136 silicon ferro production enterprises in Inner Mongolia, Ningxia, and Shaanxi (monthly) from 2021 - 2025 [4]. - There are long - term data trends of the production of silicon manganese in China (weekly) from 2021 - 2025 [6]. Demand - There are long - term data trends of the demand for silicon manganese in China (in ten thousand tons, according to the Steel Union's caliber) from 2021 - 2025 [4][7]. - There are long - term data trends of the procurement volume and price of FeSi75 - B by Hebei Iron and Steel Group (monthly) from 2021 - 2025 [4]. Inventory - There are long - term data trends of the inventory of 60 sample silicon ferro enterprises in China, Ningxia, Inner Mongolia, and Shaanxi (weekly), the total number of silicon ferro warehouse receipts on CZCE (daily), silicon ferro effective forecasts (daily), and the sum of warehouse receipts and effective forecasts (daily) from 2021 - 2025 [5]. - There are long - term data trends of the total number of silicon manganese warehouse receipts on CZCE (daily), silicon manganese effective forecasts (daily), silicon manganese warehouse receipts + effective inventory (daily), and the inventory of 63 sample silicon manganese enterprises in China (weekly, in tons) from 2021 - 2025 [7]. Cost Profit - There are long - term data trends of the electricity prices of ferroalloys in Qinghai, Ningxia, Shaanxi, and Inner Mongolia, the market mainstream price of small - sized semi - coke in Shaanxi, the semi - coke production start - up rate in China (weekly), the semi - coke production gross profit in China (daily), the market price of 98% silica in the northwest region of China (daily), and the market price of 70% Fe iron oxide scale in Shijiazhuang (daily) from 2021 - 2025 [5]. - There are long - term data trends of the production cost, the profit of converting to the main contract, and the spot profit of silicon ferro in Ningxia, the export profit of 75 silicon ferro (in RMB), the production cost and the profit of converting to the main contract of silicon ferro in Inner Mongolia from 2021 - 2025 [5]. - There are long - term data trends of the profit of silicon manganese in Inner Mongolia, Guangxi, the northern region, and the southern region (according to the Steel Union, in yuan/ton), the profit of converting Guangxi silicon manganese to the main contract, and the profit of converting Ningxia silicon manganese to the contract from 2021 - 2025 [7].

1. Report Industry Investment Rating No relevant information provided. 2. Core Views of the Report - **Silicon Ferroalloy (SiFe)**: The supply - demand contradiction of SiFe has been significantly alleviated, and the supply - demand gap continues to widen. In the short term, the demand side lacks support, but there is a need to be vigilant against supply - demand mismatch situations. It is expected that the price will fluctuate. The 07 contract is expected to fluctuate in the range of 5500 - 5800, and in the short term, it is expected to fluctuate between 5500 - 5900 [4][8]. - **Silicon Manganese (SiMn)**: Affected by the news, the volatility of SiMn increased significantly in the last two trading days of this week. In the short term, there is still supply pressure, but there are more news disturbances. With the expectation that future hot metal production will remain at a high level, SiMn will generally maintain a bottom - range fluctuation, lacking the logical support for a trending upward movement. It is recommended to try short - selling at high levels, with the bottom support temporarily at around 5400. In the short term, it is expected to fluctuate between 5700 - 6000 [5][113]. 3. Summary by Relevant Catalogs Silicon Ferroalloy (SiFe) Valuation - The main SiFe contract decreased by 3.37% this week, closing at 5512 yuan/ton. There were price changes in the main production areas and among manufacturers and trading locations [8]. Supply - The operating rate of 136 independent SiFe enterprises was 30.42%, a decrease of 0.80% from the previous period. The daily output was 12,700 tons, a decrease of 665 tons from the previous period, and the weekly supply was 88,900 tons [8][30]. Cost and Profit - The immediate production costs in Inner Mongolia, Qinghai, and Ningxia were 5518 yuan/ton, 5708 yuan/ton, and 5469 yuan/ton respectively. The immediate profits in Inner Mongolia and Ningxia were - 118 yuan/ton and - 119 yuan/ton respectively [8]. Lanthanum Coke - The lanthanum coke market remained stable overall. The operating rate of 135 lanthanum coke enterprises was 41.51%, a 1.65 - percentage - point increase from the previous period. The daily output was 155,300 tons, a 62,000 - ton increase from the previous period. The lanthanum coke inventory was 412,700 tons, a 98,000 - ton increase from the previous period, and the raw coal inventory was 1,220,500 tons, a 375,000 - ton increase from the previous period [8][51]. Demand - The weekly demand for SiFe in five major steel types was 20,700 tons, a 1.66% increase from the previous week. The non - steel demand, such as for magnesium metal, was stable, but the downstream demand was limited [8]. Inventory - As of May 22, the inventory of 60 independent SiFe enterprises was 75,100 tons, a 1.90% increase from the previous period [8]. Silicon Manganese (SiMn) Futures and Spot - The main SiMn contract decreased by 2.39% this week, closing at 5718 yuan/ton. There were price changes in the main production areas and trading locations [113]. Supply - The operating rate of 187 independent SiMn enterprises was 34.18%, a 0.58% increase from the previous week. The daily output was 23,600 tons, an increase of 350 tons, and the weekly output was 165,200 tons, a 1.51% increase from the previous week [113][225]. Cost and Profit - The production cost in Inner Mongolia was 5768 yuan/ton, and in Guangxi it was 6309 yuan/ton. The production profit in Inner Mongolia was - 188 yuan/ton [113]. Manganese Ore Supply - The global manganese ore shipments recovered this week. The future arrivals of manganese ore will remain at a high level. The supply recovery of South32's Australian mine will further increase the global manganese ore supply, and the manganese ore price will still face pressure [5][113]. Manganese Ore Inventory - As of May 16, the manganese ore inventory in major Chinese ports was 4.18 million tons, a 232,000 - ton increase from the previous period [113]. Demand - The weekly demand for SiMn in five major steel types was 126,590 tons, a 0.76% increase from the previous week. The daily hot metal output decreased by 11,700 tons, the blast furnace operating rate decreased by 0.46%, the blast furnace iron - making capacity utilization rate decreased by 0.44 percentage points, and the steel mill profitability rate increased by 0.43 percentage points [113][246]. Inventory - As of May 22, the national SiMn inventory was 201,100 tons, a decrease of 6000 tons from the previous period [113].

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- ...