SiMn Alloy Futures Prices Continue to Decline, Spot Prices Fluctuate Downward [SMM SiMn Alloy Futures Review]

Published: Feb 14, 2025 15:30

Save

[SMM SiMn Alloy Futures Review: SiMn Alloy Futures Prices Continue to Decline, Spot Prices Fluctuate Downward] The SM2505 contract opened at 6,440 yuan/mt, fluctuated downward after the morning session, and finally closed at 6,354 yuan/mt, down 1.73%. The daily high was 6,480 yuan/mt, and the low was 6,350 yuan/mt. Trading volume reached 512,480 lots, and open interest stood at 464,141. On the raw material side, alloy plants showed weak acceptance of high-priced manganese ore, and manganese ore spot prices fluctuated downward. Cost support weakened, leading to a downward fluctuation in manganese ore prices. SiMn alloy plants mostly maintained a wait-and-see sentiment, with limited willingness to actively offer prices. The first round of mainstream steel tender inquiries has yet to be announced, and market participants generally adopted a cautious wait-and-see sentiment.

February 14 News: The SM2505 contract opened at 6,440 yuan/mt, fluctuated downward after the morning session, and finally closed at 6,354 yuan/mt, down 1.73%. The daily high was 6,480 yuan/mt, and the low was 6,350 yuan/mt. Trading volume reached 512,480 lots, and open interest was 464,141.

On the raw material side, alloy plants showed weak acceptance of high-priced manganese ore, and manganese ore spot prices fluctuated downward. Cost support weakened, leading to a downward fluctuation in manganese ore prices. SiMn alloy plants mostly maintained a wait-and-see sentiment, with limited willingness to actively quote prices. The first-round inquiry prices for mainstream steel tenders have not yet been announced, and market participants generally adopted a cautious wait-and-see sentiment.

》Subscribe to view SMM historical spot metal prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41