The futures market experienced sideways movement, with most parties adopting a wait-and-see attitude. [SMM Manganese Silicon Futures Review]

【SMM SiMn Futures Review: Futures Market Fluctuates Rangebound, All Parties Adopt a Wait-and-See Attitude】The SM2505 contract opened at 6,120 yuan/mt, fluctuated rangebound in the morning session, and finally closed at 6,146 yuan/mt, up 0.26%. The daily high was 6,180 yuan/mt, and the low was 6,116 yuan/mt. The trading volume was 184,892 lots, and the open interest was 409,697. On the raw material side, miners' quotations remained firm, and ore prices remained stable for the time being. On the spot side, SiMn alloy producers showed weak willingness to sell at low prices, mostly holding back from selling. Downstream steel mills showed weak demand for SiMn alloy, and there were no positive factors in the SiMn alloy market.