Futures Market Fluctuates at Low Levels, SiMn Alloy Market Remains Stable [SMM SiMn Alloy Futures Review]

[SMM SiMn Alloy Futures Review: Futures Market Fluctuates at Low Levels, SiMn Alloy Market Temporarily Stable] The SM2501 contract opened at 6,110 yuan/mt, fluctuated at low levels after the morning session, and finally closed at 6,088 yuan/mt, down 0.94%. The daily high was 6,122 yuan/mt, and the low was 6,082 yuan/mt. Trading volume reached 87,751 lots, and open interest stood at 312,051. Raw material side, the manganese ore market saw sluggish transactions, with most participants adopting a wait-and-see approach, and pre-holiday procurement slowed down. Spot side, SiMn alloy plant quotations remained stable, with many holding back from selling. Market sentiment continued to be weak, and downstream demand-side procurement was cautious. Attention should be paid to the actual post-holiday procurement of SiMn alloy by steel mills.