The market lacks favorable factors, and the spot price of SiMn remains in the doldrums. [SMM Manganese Silicon Futures Review]

SMM SiMn Futures Review: No Positive Factors in the Market, SiMn Spot Price in the Doldrums. The SM2509 contract opened at 5,896 yuan/mt, fluctuated rangebound in the morning session, and finally closed at 5,896 yuan/mt, down 0.10%. The daily high was 5,928 yuan/mt, and the low was 5,870 yuan/mt. The trading volume was 138,387, and the open interest was 325,614. The mainstream steel tender pricing fell short of expectations, the futures market was in the doldrums, and there were no positive factors in the market, leading to the continued weak performance of the SiMn spot price.