Futures Fluctuate Downward, Spot SiMn Alloy Drops Slightly [SMM SiMn Market Review]

Published: Feb 12, 2025 17:48

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[SMM SiMn Alloy Futures Review: Futures Market Fluctuates Downward, Spot SiMn Alloy Drops Slightly] The SM2505 contract opened at 6,592 yuan/mt, fluctuated downward after the morning session, and finally closed at 6,448 yuan/mt, a decline of 5.43%. The daily high was 6,592 yuan/mt, and the low was 6,430 yuan/mt. Trading volume reached 954,210 lots, with an open interest of 479,363. On the raw material side, miners mostly held back from selling, and bullish sentiment persisted in the market, keeping manganese ore spot prices at high levels. On the spot side, SiMn alloy producers mostly held back from selling and adopted a wait-and-see attitude. The market is largely awaiting the first round of inquiries from major steel tenders.

February 12 News: The SM2505 contract opened at 6,592 yuan/mt, fluctuated downward after the morning session, and finally closed at 6,448 yuan/mt, down 5.43%. The daily high was 6,592 yuan/mt, and the low was 6,430 yuan/mt. Trading volume reached 954,210 lots, and open interest stood at 479,363. On the raw material side, miners mostly held back from selling, with bullish sentiment persisting in the market, and manganese ore spot prices remained elevated. On the spot side, SiMn alloy producers mostly held back from selling and adopted a wait-and-see attitude. The market is largely awaiting the first round of inquiries from major steel tenders.

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