| | | | | 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 ...

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 ...

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]

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Relevant Catalogs Price - For silicon ferroalloy, on February 4, 2026, the latest price of Ningxia 72 was 5350, with a daily change of 0 and a weekly change of 70; the latest price of Inner Mongolia 72 was also 5350, with a daily change of 0 and a weekly change of 70. The export price of Tianjin 72 was 1055, with a daily change of 0 and a weekly change of 5 [1]. - For silicon manganese, on February 4, 2026, the latest price of Inner Mongolia 6517 was 5680, with a daily change of 0 and a weekly change of 0; the latest price of Ningxia 6517 was 5610, with a daily change of -10 and a weekly change of 40 [1]. Supply - The production data of 136 silicon ferroalloy enterprises in China from 2022 to 2026 are presented, including monthly and weekly production, as well as capacity utilization rates in Inner Mongolia, Ningxia, and Shaanxi [3]. - The production data of silicon manganese in China from 2022 to 2026 are presented, including weekly production and the procurement volume and price of Hebei Steel Group [5]. Demand - The demand - related data of silicon ferroalloy and silicon manganese in China from 2022 to 2026 are presented, such as the production of crude steel, stainless - steel crude steel, and the procurement volume of Hebei Steel Group [3][6]. Inventory - The inventory data of 60 sample silicon ferroalloy enterprises in China from 2022 to 2026 are presented, including the inventory in different regions and the inventory average available days in different regions [4]. - The inventory data of silicon manganese from 2022 to 2026 are presented, including the number of warehouse receipts, effective forecasts, and the inventory of 63 sample enterprises in China [6]. Cost and Profit - The cost - related data of silicon ferroalloy from 2022 to 2026 are presented, such as electricity prices in different regions, the market price of semi - coke, and the production cost in Ningxia and Inner Mongolia. The profit data include the profit of Ningxia silicon ferroalloy converted to the main contract, spot profit, and 75 silicon ferroalloy export profit [4]. - The cost - and profit - related data of silicon manganese from 2022 to 2026 are presented, including the profit in Inner Mongolia, Guangxi, the northern region, and the southern region, as well as the profit of Guangxi silicon manganese converted to the main contract [6].

1. Report Industry Investment Rating - No relevant information provided. 2. Core Viewpoints - No relevant information provided. 3. Summary by Related Catalogs Price - The latest prices and their daily and weekly changes of silicon - iron and silicon - manganese in different regions are presented. For example, the latest price of Ningxia 72 silicon - iron is 5280, with a daily change of - 20 and a weekly change of 30 [1]. - The prices of silicon - iron and silicon - manganese in different contracts (such as main contracts, 01 contracts, etc.) and their daily and weekly changes are also given. For instance, the main contract price of silicon - iron is 5604, with a daily change of - 24 and a weekly change of 52 [1]. - The price differences between different varieties and time periods (e.g., 1 - 5 month spread, 5 - 9 month spread) are provided [1]. Supply - The production and capacity utilization of 136 silicon - iron enterprises in China are shown, including monthly and weekly data, and the capacity utilization in Inner Mongolia, Ningxia, and Shaanxi [3]. - The production of silicon - manganese in China, the procurement volume and price of HeSteel Group for silicon - manganese 6517 are also presented [5]. Demand - The estimated production of crude steel in China, the production of stainless - steel crude steel, and the demand for silicon - manganese in China are provided [3][6]. - The procurement volume of HeSteel Group for FeSi75 - B silicon - iron is also given [3]. Inventory - The inventory data of 60 sample silicon - iron enterprises in China, including the total inventory and the inventory in Ningxia, Inner Mongolia, and Shaanxi, are presented [4]. - The inventory - related data of silicon - manganese, such as the total number of warehouse receipts, effective forecasts, and the sum of warehouse receipts and effective forecasts, are provided [6]. Cost and Profit - The electricity prices of iron - alloy in different regions (Qinghai, Ningxia, Shaanxi, Inner Mongolia), the market price of semi - coke, and the production cost and profit of silicon - iron in Ningxia and Inner Mongolia are shown [4]. - The cost - related data of silicon - manganese, including the price of chemical coke, the price of manganese ore, and the profit of silicon - manganese in Inner Mongolia, Guangxi, and other regions, are provided [5][6].

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Relevant Catalogs Price - For silicon ferroalloy, prices vary by region and type, with daily and weekly changes. For example, the latest price of Ningxia 72 is 5250, with a weekly change of -70; the latest price of Tianjin 72 for export is 1045 USD, with a weekly change of 20 [1]. - For silicon manganese, prices also vary by region and type, with corresponding daily and weekly changes. For example, the latest price of Inner Mongolia 6517 is 5680, with a weekly change of -70 [1]. Supply - For silicon ferroalloy, data on production volume, capacity utilization, and export volume are presented. For example, the monthly production volume of 136 silicon ferroalloy enterprises in China from 2022 - 2026 is shown, and the monthly capacity utilization of 136 silicon ferroalloy production enterprises in Inner Mongolia, Ningxia, and Shaanxi is also provided [4]. - For silicon manganese, data on production volume, procurement volume, and export volume are presented. For example, the weekly production volume of silicon manganese in China from 2022 - 2026 is shown, and the monthly procurement volume and price of Hebei Iron and Steel Group are also provided [6]. Demand - For silicon ferroalloy, demand - related data such as the production volume of crude steel, stainless - steel crude steel, and the procurement volume of Hebei Iron and Steel Group are presented [4]. - For silicon manganese, demand - related data such as the production volume of crude steel and the estimated demand in China are presented [4][7]. Inventory - For silicon ferroalloy, inventory data of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi are presented, as well as data on warehouse receipts, effective forecasts, and inventory average available days in different regions [5]. - For silicon manganese, inventory data such as warehouse receipts, effective forecasts, and inventory average available days in China are presented, as well as the inventory of 63 sample enterprises in China [7]. Cost and Profit - For silicon ferroalloy, cost - related data such as electricity prices in different regions, the market price of semi - coke, and profit - related data such as production costs, profits from converting to the main contract, and export profits in Ningxia and Inner Mongolia are presented [5]. - For silicon manganese, profit - related data such as profits in Inner Mongolia, Guangxi, and different regions in China, and profits from converting to the main contract in Guangxi and Ningxia are presented [7].

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Relevant Catalogs Price - For silicon iron (FeSi), prices vary by region and grade, e.g., Ningxia 72 is 5320, Inner Mongolia 72 is 5350 [1] - For silicon manganese (SiMn), the closing price of the main contract on CZCE shows different trends over the years [6] - There are price differences in different regions and grades of FeSi and SiMn, such as the north - south price difference of SiMn [6] Supply - The production of 136 silicon iron enterprises in China shows different trends over the years, and the production capacity utilization rate also varies by region [4] - The production of silicon manganese in China shows a changing trend, and the procurement volume of HeSteel Group also changes over time [6] Demand - The demand for silicon manganese in China (by Steel Union's caliber) shows an upward trend over the years [4][7] - The production of crude steel in China has an impact on the demand for ferroalloys [4][7] Inventory - The inventory of 60 sample silicon iron enterprises in China and different regions shows different trends over the years [5] - The inventory - related data of silicon manganese, including warehouse receipts, effective forecasts, and the sum of them, show different trends [7] Cost and Profit - The production cost and profit of silicon iron in Ningxia and Inner Mongolia show different trends over the years [5] - The profit of silicon manganese in different regions, such as Inner Mongolia and Guangxi, also shows different trends [7]

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]

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 2, 2025, the latest prices of Ningxia 72 and Inner Mongolia 72 were 5100 and 5170 respectively, with daily changes of 0 and 50, and weekly changes of -30 and 20. The latest prices of the main contract and 01 contract were 5466 and 5420, with daily changes of 76 and 44, and weekly changes of 10 and -4 [2]. - For silicon manganese, on December 2, 2025, the latest prices of Inner Mongolia 6517, Ningxia 6517, Guangxi 6517, Guizhou 6517, and Yunnan 6517 were 5530, 5510, 5550, 5520, and 5520 respectively, with daily changes of 30, 30, 20, 20, and 20, and weekly changes of 10, 30, 20, 20, and 20. The latest price of the main contract was 5738, with a daily change of 122 and a weekly change of 108 [2]. Supply - The content shows the historical data of the production of 136 silicon ferroalloy enterprises in China (monthly and weekly, with a production capacity accounting for 95%), the production capacity utilization rate of 136 silicon ferroalloy production enterprises in Inner Mongolia, Ningxia, and Shaanxi (monthly), and the production of silicon manganese in China (weekly) [4][6]. Demand - The content presents the historical data of the estimated and actual production of crude steel in China (monthly, in ten thousand tons), the production of stainless - steel crude steel in China (monthly, in ten thousand tons), the procurement volume and price of FeSi75 - B by Hebei Iron and Steel Group (monthly), and the demand for silicon manganese in China (in ten thousand tons, according to the Steel Union's caliber) [4][6][7]. Inventory - For silicon ferroalloy, the content includes the historical data of the inventory of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi (weekly), the total number of warehouse receipts on CZCE (daily), effective forecasts (daily), and the average available days of inventory in East China, South China, the North region, and China (monthly or daily) [5]. - For silicon manganese, the content shows the historical data of the total number of warehouse receipts on CZCE (daily), effective forecasts (daily), warehouse receipts + effective forecasts (daily), the single - sided trading position on CZCE (daily, in lots), the inventory of 63 sample enterprises in China (weekly, in tons), and the average available days of inventory in China (monthly) [7]. Cost and Profit - For silicon ferroalloy, the content provides the historical data of electricity prices in Inner Mongolia, Qinghai, Ningxia, and Shaanxi, the market mainstream price of small - sized blue charcoal in Shaanxi, the start - up rate of blue charcoal in China (weekly), the production profit of blue charcoal in China (daily), the market price of 98% silica in Northwest China, the production cost and profit of silicon ferroalloy in Ningxia and Inner Mongolia, and the export profit of 75 silicon ferroalloy [5]. - For silicon manganese, the content presents the historical data of the profit of silicon manganese in Inner Mongolia, Guangxi, the North region, and the South region (according to the Steel Union's caliber), the profit of Guangxi silicon manganese converted to the main contract, and the profit of Ningxia silicon manganese converted to the contract [7].

Report Industry Investment Rating - Not provided in the given content Core Viewpoint - Not provided in the given content Summary by Relevant Catalogs Price - For silicon ferroalloy, on November 6, 2025, the latest price of Ningxia 72 silicon ferroalloy natural block was 5150 yuan, with no daily change and a weekly decrease of 20 yuan; the latest price of Inner Mongolia 72 was 5220 yuan, a daily decrease of 30 yuan and a weekly increase of 20 yuan. For silicon manganese, the latest price of Inner Mongolia 6517 silicon manganese alloy was 5620 yuan, with no daily change and a weekly decrease of 60 yuan [2]. - The report also presents historical price trends of various silicon ferroalloy and silicon manganese products from 2021 - 2025, including market prices in different regions, export and import prices, and contract closing prices [3][6]. Supply - The report shows the production and capacity utilization data of 136 silicon ferroalloy enterprises in China from 2021 - 2025, including monthly production, weekly production, and monthly capacity utilization in Inner Mongolia, Ningxia, and Shaanxi [4]. - It also provides the weekly production data of silicon manganese in China from 2021 - 2025, as well as the monthly procurement volume and price data of Hebei Iron and Steel Group for silicon manganese [6]. Demand - The report includes the demand data of silicon manganese in China from 2021 - 2025 (in accordance with the Steel Union's caliber), and also presents data on the production of crude steel, metal magnesium, and the opening rate of 87 independent electric arc furnace steel mills in China [4][7]. Inventory - For silicon ferroalloy, it shows the weekly inventory data of 60 sample enterprises in China, Ningxia, Inner Mongolia, and Shaanxi from 2021 - 2025, as well as data on warehouse receipts, effective forecasts, and inventory average available days in different regions [5]. - For silicon manganese, it presents the daily warehouse receipt quantity, effective forecast quantity, warehouse receipt + effective inventory, and daily unilateral trading position data from 2021 - 2025, along with the weekly inventory data of 63 sample enterprises in China [7]. Cost and Profit - For silicon ferroalloy, it shows the electricity price data of different regions from 2021 - 2025, the market price and opening rate data of semi - coke, and the production cost, profit from converting to the main contract, and spot profit data of Ningxia and Inner Mongolia [5]. - For silicon manganese, it presents the profit data of different regions (Inner Mongolia, Guangxi, northern and southern regions) from 2021 - 2025, as well as the profit data of Guangxi and Ningxia when converted to the main contract [7].