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

Published: Dec 27, 2024 15:50

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[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.

December 27 News: The SM2501 contract opened at 6,110 yuan/mt, fluctuated at a low level 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 was 87,751 lots, and open interest was 312,051. Raw material side, the manganese ore market saw sluggish transactions, with most participants adopting a wait-and-see attitude, and pre-holiday procurement slowed down. Spot side, SiMn alloy producers maintained stable quotations, with many holding back from selling. Market sentiment remained weak, and downstream demand showed cautious procurement. Attention should be paid to the actual SiMn alloy procurement by steel mills after the holiday.

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