The SM2501 contract opened at 6,388 yuan/mt, fluctutaed upward after the morning opening, and finally closed at 6,406 yuan/mt, an increase of 0.44%. The highest price of the day was 6,430 yuan/mt, and the lowest price was 6,324 yuan/mt. Trading volume was 126,168 lots, and open interest was 357,625 lots. In terms of supply, as SiMn alloy continued to operate weakly, SiMn alloy plants were strongly inclined to reduce or halt production amid losses. Demand side, the enthusiasm for purchasing SiMn alloy was weak, with steel mill bidding prices mostly around 6,200 yuan/mt. Overall, the support for SiMn alloy demand was insufficient, and the subsequent price of SiMn alloy is expected to continue to operate weakly.

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