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The futures market experienced sideways movement, while the spot price remained stable. [SMM Manganese Silicon Futures Review]

iconMar 31, 2025 15:38
Source:SMM
SMM SiMn Alloy Futures Review: Futures Market Fluctuates Rangebound, Spot Prices Remain Stable. The SM2505 contract opened at 6,060 yuan/mt, fluctuated rangebound in the morning session, and finally closed at 6,070 yuan/mt, down 0.36%. The daily high was 6,150 yuan/mt, and the low was 6,030 yuan/mt. The trading volume was 242,280 lots, and the open interest was 397,622. On the raw material side, the market mostly adopted a wait-and-see attitude at month-end, with miners' offers remaining firm, and spot prices of manganese ore remained stable. On the spot side, SiMn alloy mills in both the north and south are expected to reduce or halt production due to production pressure. Downstream steel mills showed weak purchasing enthusiasm for SiMn alloy, waiting for the new round of steel tenders to enter the market.
March 31: The SM2505 contract opened at 6,060 yuan/mt, fluctuated rangebound after the morning session, and finally closed at 6,070 yuan/mt, down 0.36%. The daily high was 6,150 yuan/mt, and the low was 6,030 yuan/mt. The trading volume was 242,280 lots, and the open interest was 397,622. Raw material side, the market mostly held a wait-and-see attitude at month-end, with miners' offers remaining firm, and manganese ore spot prices remained stable. Spot side, SiMn alloy mills in both the north and south planned to reduce or halt production due to production resistance. Downstream steel mills showed weak purchasing enthusiasm for SiMn alloy, waiting for the new round of steel tenders to enter the market. Order to view SMM metal spot historical prices.

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