Futures Market for Manganese-Silicon Experiences Sideways Movement, Spot Prices Remain Stable for Now [[SMM Manganese-Silicon Futures Review]]

[SMM Ferrosilicon Futures Review: Ferrosilicon Futures Market Experiences Sideways Movement, Spot Prices Remain Stable] The SM2509 contract opened at 5,762 yuan/mt, fluctuated upward after the morning session, and eventually closed at 5,758 yuan/mt, up 1.20%. The daily high was 5,794 yuan/mt, and the low was 5,736 yuan/mt. Trading volume was 239,183 lots, and open interest was 400,557. Currently, the futures market is holding up well, and market sentiment in the spot market has slightly improved. Prices of manganese ore, a raw material, continue to decline, and the cost support for SiMn continues to weaken. There are still no favorable factors to support the market, and all parties continue to maintain a wait-and-see sentiment.