Futures fluctuated downward, and the spot market remained predominantly in a wait-and-see mode. [SMM Manganese Silicon Futures Review]

SMM Manganese Silicon Futures Review: Futures Fluctuated Downward, Spot Market Dominated by Wait-and-See Sentiment. The SM2509 contract opened at 5,826 yuan/mt, fluctuated downward after the morning session, and finally closed at 5,796 yuan/mt, a decrease of 0.55%. The daily high was 5,882 yuan/mt, and the low was 5,796 yuan/mt. The trading volume was 215,568, and the open interest was 379,691. The manganese silicon futures market fluctuated downward, and the spot side still lacked favorable factors to drive it, with most market participants maintaining a wait-and-see sentiment.