| | | | | 铁合金早报 | | | | | 2026/2/27 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 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 | | | 宁夏#72 | 5200 | 50 | -70 | 5500 | 主力合约 | 5538 | 52 | -38 | | 硅铁自然块 | 内蒙#72 | 5250 | 80 | -70 | 5600 | 01合约 | 5636 | 46 | -60 | | 产区汇总价 | 青海#72 | 5250 | 50 | 0 | 5580 | 05合约 | 5538 | 52 | -38 | | | 陕西#72 | 5180 | 30 | -70 | 5480 | 09合约 | 5584 | 60 | -38 | | | 陕西#75 | 6000 | 0 | 0 | | 主力月基差 | -38 | -2 | -32 | | 硅铁合格块 | 江苏 ...

2026 年 2 月 26 日 硅铁：地产情绪扰动，板块低位震荡 锰硅：地产情绪扰动，板块低位震荡 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 | 5492 | 1 6 | 5,859 | 9,618 | | 期 货 | 硅铁2605 | 5486 | 1 6 | 104,314 | 224,182 | | | 锰硅2603 | 5710 | 1 4 | 7,664 | 18,340 | | | 锰硅2605 | 5752 | 1 4 | 140,366 | 453,701 | | | 项 目 | | 价 格 | 较前一交易日 | 单 位 | | 现 货 | 硅铁:FeSi75-B:汇总价格:内蒙 | | 5170 | -30.0 | 元/吨 | | | 硅锰:FeM ...

库存 成本利润 3.5 4.5 5.5 6.5 7.5 8.5 9.5 10.5 01/01 01/24 02/16 03/11 04/03 04/26 05/19 06/11 07/04 07/27 08/19 09/11 10/04 10/27 11/19 12/12 硅铁：60家样本企业：库存：中国（周） 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5 3 01/01 01/24 02/16 03/11 04/03 04/26 05/19 06/11 07/04 07/27 08/19 09/11 10/04 10/27 11/19 12/12 硅铁：60家样本企业：库存：宁夏（周） 2022 2023 2024 2025 2026 1 2 3 4 5 6 01/01 01/23 02/14 03/08 03/30 04/21 05/13 06/04 06/26 07/18 08/09 08/31 09/22 10/14 11/05 11/27 12/19 硅铁：60家样本企业：库存：内蒙古（周） 2022 2023 2024 2025 2026 0 0.5 1 1.5 ...

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】 2026 年 2 月 25 日 商 品 研 究 硅铁：原料与现货报价补跌，低位震荡 锰硅：现货报价补跌，低位震荡 资料来源：钢联、同花顺、国泰君安期货研究 【宏观及行业新闻】 1、铁合金在线：内蒙古苏尼特右旗某硅锰厂 2 月 10 日第二台 66000KVA 新增产能点火，预计 2 月末 出铁。第一台（2025 年 12 月月末上线）目前日产 200 余吨，达产后 1 台日产将达 400 余吨。据市场 调研，由于供货量分配安排以及其他地区的需求情况，Jupiter3 月暂不会向中国提供锰矿供应和报价， 并预计在春节后发布 4 月份锰矿报盘。 2、铁合金在线：2 月 24 日硅铁 72#：陕西 5200-5300，宁夏 5250-5300（-50），青海 5200-5300， 请务必阅读正文之后的免责条款部分 1 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 | | -- ...

2026 年 2 月 24 日 硅铁：节前交易情绪转弱，宽幅震荡 锰硅：节前交易情绪转弱，宽幅震荡 | 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 | 期货合约 | 收盘价 | 较前一交易日 | 成交量 | 持仓量 | | --- | --- | --- | --- | --- | --- | | | 硅铁2603 | 5516 | -22 | 7,655 | 19,566 | | | 硅铁2605 | 5492 | -8 | 140,909 | 200,355 | | | 锰硅2603 | 5728 | -34 | 6,262 | 24,693 | | | 锰硅2605 | 5770 | -30 | 156,434 | 393,485 | | | 项目 | | 价格 | 较前一交易日 | 单位 | | | 硅铁:FeSi75-B:汇总价格:内蒙 | | 530 ...

氯碱日报 | 2026-02-13 下游开工节前走弱 市场要闻与重要数据 PVC: 期货价格及基差：PVC主力收盘价4938元/吨（-52）；华东基差-208元/吨（+42）;华南基差-98元/吨（+32）。 现货价格：华东电石法报价4730元/吨（-10）；华南电石法报价4840元/吨（-20）。 上游生产利润：兰炭价格735元/吨（+0）；电石价格2945元/吨（+15）；电石利润67元/吨（+15）；PVC电石法生产 毛利-698元/吨（-39）；PVC乙烯法生产毛利129元/吨（+26）；PVC出口利润15.4美元/吨（+0.2）。 PVC库存与开工：PVC厂内库存31.2万吨（+2.4）；PVC社会库存61.4万吨（+2.1）；PVC电石法开工率80.78%（+0.41%）； PVC乙烯法开工率73.69%（+0.44%）；PVC开工率78.62%（+0.41%）。 下游订单情况：生产企业预售量101.3万吨（-5.8）。 烧碱： 期货价格及基差：SH主力收盘价1958元/吨（+4）；山东32%液碱基差-83元/吨（+27）。 现货价格：山东32%液碱报价600元/吨（+10）；山东50%液碱报价1 ...

Report Investment Rating - Silicon ferroalloy: Weak and oscillating [1] - Manganese ferroalloy: Wide - range oscillating [1] Core Viewpoints - The report provides the latest price information and market news of silicon ferroalloy and manganese ferroalloy, including spot prices, futures prices, and price differences, as well as new production capacity ignition and supply changes in the industry [1][2][3] Summary by Directory Macro and Industry News - An additional production capacity of a silicon - manganese plant in Sunite Right Banner, Inner Mongolia was ignited on February 10, 2026, and it is expected to produce iron by the end of February. The first unit (launched at the end of December 2025) currently has a daily output of over 200 tons, and the daily output will reach over 400 tons after reaching full production [1] - Jupiter will not provide manganese ore supply and quotes to China in March 2026 and is expected to release April manganese ore offers after the Spring Festival [1] - On February 12, 2026, the starting price of Hongliulin lump coal at the raw material end of semi - coke was 690 yuan/ton, a decrease of 50 yuan/ton compared with the previous period. The auction volume was 105,000 tons, an increase of 42,000 tons compared with the previous period. The average transaction price was 692.81 yuan/ton, a decrease of 86.95 yuan/ton compared with the previous average price [3] Price Information Spot Prices - On February 12, 2026, the price of 72 silicon ferroalloy in Shaanxi was 5200 - 5300 yuan/ton, in Ningxia was 5300 - 5350 yuan/ton, in Qinghai was 5200 - 5300 yuan/ton, in Gansu was 5250 - 5300 yuan/ton, and in Inner Mongolia was 5300 - 5350 yuan/ton; the price of 75 silicon ferroalloy in Shaanxi was 5950 - 6000 yuan/ton, in Ningxia was 5750 - 5900 yuan/ton, in Qinghai was 5800 - 5900 yuan/ton, in Gansu was 5750 - 5850 yuan/ton, and in Inner Mongolia was 5900 - 5950 yuan/ton (+25). The FOB price of 72 silicon ferroalloy was 1070 - 1090 (+10) US dollars/ton, and that of 75 was 1120 - 1150 (+10) US dollars/ton [2][3] - The northern quotation of 6517 silicon - manganese was 5600 - 5700 yuan/ton, and the southern quotation was 5750 - 5850 yuan/ton [3] - The price of silicon ferroalloy FeSi75 - B in Inner Mongolia was 5300 yuan/ton, a decrease of 20 yuan/ton compared with the previous day; the price of silicon - manganese FeMn65Si17 in Inner Mongolia was 5650 yuan/ton; the price of manganese ore Mn44 block was 42.8 yuan/ton - degree; the price of semi - coke small material in Shenmu was 745 yuan/ton [2] Futures Prices - The closing price of silicon ferroalloy 2603 was 5538 yuan/ton, a decrease of 62 yuan compared with the previous trading day, with a trading volume of 10,836 and an open interest of 23,069; the closing price of silicon ferroalloy 2605 was 5500 yuan/ton, a decrease of 76 yuan compared with the previous trading day, with a trading volume of 130,697 and an open interest of 187,389 [2] - The closing price of manganese ferroalloy 2603 was 5762 yuan/ton, a decrease of 24 yuan compared with the previous trading day, with a trading volume of 14,737 and an open interest of 26,665; the closing price of manganese ferroalloy 2605 was 5800 yuan/ton, a decrease of 24 yuan compared with the previous trading day, with a trading volume of 101,203 and an open interest of 378,385 [2] Price Differences - The basis of silicon ferroalloy (spot - 05 futures) was - 200 yuan/ton, an increase of 56 yuan compared with the previous day; the basis of manganese ferroalloy (spot - 05 futures) was - 150 yuan/ton, an increase of 24 yuan compared with the previous day [2] - The price difference between silicon ferroalloy 2603 and 2605 was 38 yuan/ton, an increase of 14 yuan compared with the previous day; the price difference between manganese ferroalloy 2603 and 2605 was - 38 yuan/ton, unchanged compared with the previous day [2] - The price difference between manganese ferroalloy 2603 and silicon ferroalloy 2603 was 224 yuan/ton, an increase of 38 yuan compared with the previous day; the price difference between manganese ferroalloy 2605 and silicon ferroalloy 2605 was 300 yuan/ton, an increase of 52 yuan compared with the previous day [2] Trend Intensity - The trend intensity of silicon ferroalloy is 0; the trend intensity of manganese ferroalloy is 0 [3]

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Relevant Catalogs Price - The latest prices and their daily and weekly changes of various grades of ferrosilicon and silicomanganese in different regions are presented, including Ningxia 72, Inner Mongolia 72, etc. [1] - Price trends of ferrosilicon and silicomanganese in different regions from 2022 - 2026 are shown, such as 72%FeSi in Inner Mongolia, Qinghai, etc. [2] Supply - Production data of ferrosilicon and silicomanganese are provided, including the output of 136 ferrosilicon enterprises in China (monthly and weekly) and the production of silicomanganese in China (weekly) [4][6] - Capacity utilization rates of 136 ferrosilicon production enterprises in Inner Mongolia, Ningxia, and Shaanxi are presented [4] Demand - Data on the demand for ferrosilicon and silicomanganese are given, such as the demand for silicomanganese in China (in ten thousand tons) and the procurement volume and price of FeSi75 - B by HeSteel Group [4][6][7] Inventory - Inventory data of ferrosilicon and silicomanganese are provided, including the inventory of 60 sample enterprises of ferrosilicon in different regions (weekly) and the inventory of 63 sample enterprises of silicomanganese in China (weekly) [5][7] - Information on the number of warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts of ferrosilicon and silicomanganese is presented [5][7] Cost and Profit - Cost and profit data of ferrosilicon and silicomanganese are given, including the production cost and profit of ferrosilicon in Ningxia and Inner Mongolia, and the profit of silicomanganese in Inner Mongolia, Guangxi, etc. [5][7]

2026 年 2 月 11 日 品 研 究 锰硅：南非锰矿节后或发运收紧，宽幅震荡 | | | 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 | 5602 | - 8 | 23,815 | 34,411 | | 期 货 | 硅铁2605 | 5580 | -14 | 99,225 | 166,811 | | | 锰硅2603 | 5778 | 0 | 17,433 | 40,293 | | | 锰硅2605 | 5818 | 6 | 132,582 | 374,337 | | | 项 目 | | 价 格 | 较前一交易日 | 单 位 | | 现 货 | 硅铁:FeSi75-B:汇总价格:内蒙 | | 5320 | - | 元/吨 | | | 硅锰:FeMn65Si17:内蒙 | | 5650 | - | 元/吨 | | | 锰矿:Mn44块 | | ...

氯碱日报 | 2026-02-10 液氯价格下调 市场要闻与重要数据 PVC: 期货价格及基差：PVC主力收盘价4992元/吨（+11）；华东基差-212元/吨（-1）;华南基差-102元/吨（+29）。 现货价格：华东电石法报价4780元/吨（+10）；华南电石法报价4890元/吨（+40）。 上游生产利润：兰炭价格735元/吨（+0）；电石价格2930元/吨（+0）；电石利润52元/吨（+0）；PVC电石法生产毛 利-659元/吨（+86）；PVC乙烯法生产毛利103元/吨（+82）；PVC出口利润8.9美元/吨（+9.9）。 PVC库存与开工：PVC厂内库存28.8万吨（-0.2）；PVC社会库存59.3万吨（+0.8）；PVC电石法开工率80.37%（+0.39%）； PVC乙烯法开工率73.25%（+2.64%）；PVC开工率78.21%（+1.08%）。 下游订单情况：生产企业预售量107.1万吨（+11.1）。 烧碱： 期货价格及基差：SH主力收盘价1937元/吨（+75）；山东32%液碱基差-100元/吨（-78）。 现货价格：山东32%液碱报价588元/吨（-1）；山东50%液碱报价1010 ...