Supply Surplus Persists, Spot Prices Remain Stable for Now [[SMM Manganese-Silicon Futures Review]]

[SMM Manganese-Silicon Futures Review: Supply Surplus Persists, Spot Prices Remain Stable for Now] The SM2509 contract opened at 5,706 yuan/mt, fluctuated downward after the morning session, and eventually closed at 5,560 yuan/mt, down 2.76%. The daily high was 5,738 yuan/mt, and the low was 5,544 yuan/mt. Trading volume was 273,900 lots, with open interest at 447,824. Although SiMn plants maintained production cuts, downstream steel mills remained cautious in purchasing SiMn raw materials, resulting in sluggish transactions in the SiMn market. Spot prices in the SiMn market remained stable for now after the holiday.