SiMn alloy plants showed a low willingness to sell at low prices; SiMn prices slightly increased [SMM SiMn Alloy Futures Review]

Published: Oct 8, 2024 17:30

Source: SMM

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The SM2501 contract opened at 6,768 yuan/mt, fluctuated downward after the opening, and finally closed at 6,348 yuan/mt, a decrease of 3.67%.

The SM2501 contract opened at 6,768 yuan/mt, fluctuated downward after the opening, and finally closed at 6,348 yuan/mt, a decrease of 3.67%. The daily high was 6,816 yuan/mt, and the low was 6,310 yuan/mt. Trading volume was 402,234 lots, and open interest was 325,012 lots. After the National Day holiday, influenced by favorable macro policies, SiMn alloy plants showed weak willingness to sell at low prices, making low-priced SiMn alloy hard to find in the market. Post-holiday market quotes were chaotic, with many SiMn alloy plants mainly observing and showing low willingness to quote actively. Due to recent significant fluctuations in SiMn alloy prices, downstream was cautious in purchasing, resulting in low actual trading volume after the holiday. Attention should be paid to the actual trading situation of SiMn alloy in the future.

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