Core Viewpoint - The black metal sector has experienced a significant rebound in multiple varieties since June 3, with various contracts showing substantial percentage increases in their prices [1] Price Rebounds Summary - Silicon iron 2509 contract rebounded from a low of 5014 CNY/ton on June 3 to a high of 6166 CNY/ton, a cumulative rebound of 22.97% [1] - Manganese silicon 2509 contract increased from a low of 5312 CNY/ton on June 3 to a high of 6414 CNY/ton, a cumulative rebound of 20.74% [1] - Coking coal 2509 contract rose from a low of 709 CNY/ton on June 4 to a high of 1259 CNY/ton, a cumulative rebound of 77.56% [1] - Glass 2509 contract increased from a low of 952 CNY/ton on June 3 to a high of 1370 CNY/ton, a cumulative rebound of 43.91% [1] - Coking 2509 contract rose from a low of 1280.5 CNY/ton on June 3 to a high of 1774.5 CNY/ton, a cumulative rebound of 38.58% [1] - Rebar 2510 contract increased from a low of 2912 CNY/ton on June 3 to a high of 3346 CNY/ton, a cumulative rebound of 14.89% [1] - Hot rolled coil 2509 contract rose from a low of 3026 CNY/ton on June 3 to a high of 3496 CNY/ton, a cumulative rebound of 15.53% [1]

Group 1: Silicon Iron Market - On April 15, the silicon iron 2506 contract closed at 5774, down 1.47%, while the spot price in Ningxia remained stable at 5800 [1] - The macroeconomic outlook indicates that Fed Governor Waller suggested tariffs might lead the Fed to lower interest rates to avoid economic recession amid high inflation [1] - The profit margin for silicon iron in Inner Mongolia is -63 CNY/ton, while in Ningxia it is +1 CNY/ton [1] Group 2: Manganese Silicon Market - On April 15, the manganese silicon 2509 contract closed at 5960, down 1.32%, with the spot price in Inner Mongolia reported at 5750, a decrease of 50 CNY/ton [2] - The macroeconomic environment shows that the weighted average interest rate for new personal housing loans in March was approximately 3.1%, down about 60 basis points year-on-year [2] - The profit margin for manganese silicon in Inner Mongolia is -120 CNY/ton, and in Ningxia it is -380 CNY/ton [2]