The Silico-manganese Futures Contract sharply fluctuated as the Spot Market was in a Game

Published: Jun 7, 2022 17:23

Source: SMM

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The SM 2209 contract opened at 8,538 yuan/mt and rose rapidly at the end due to the short decrease and finally closed at 8,582 yuan/mt, up 0.68%, with the highest point of 8,590 yuan/mt and the lowest point of 8,466 yuan/mt. Trading volume was 87,347 lots, and open interest decreased by 42 lots to 121,319 lots.

SHANGHAI, June 7 (SMM) - The SM 2209 contract opened at 8,538 yuan/mt and rose rapidly at the end due to the short decrease and finally closed at 8,582 yuan/mt, up 0.68%, with the highest point of 8,590 yuan/mt and the lowest point of 8,466 yuan/mt. Trading volume was 87,347 lots, and open interest decreased by 42 lots to 121,319 lots. In terms of fundamentals, the overall performance of the downstream was modest amid the oversupply. However, coke prices rebounded and the cost support of silicon-manganese still existed amid the obvious wrestling.

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