Futures market experiences sideways movement, spot price remains stable for the time being [SMM Manganese Silicon Futures Review]

Published: May 16, 2025 16:02

Save

[SMM Ferrosilicon Manganese Futures Review: Futures Market Experiences Sideways Movement, Spot Prices Remain Stable] The SM2509 contract opened at 5,860 yuan/mt. After the morning session, it experienced sideways movement and eventually closed at 5,858 yuan/mt, down 0.17%. The daily high was 5,886 yuan/mt, and the low was 5,818 yuan/mt. Trading volume was 210,575 lots, and open interest was 381,074. Cost support for SiMn has strengthened, and SiMn producers have a strong sentiment to stand firm on quotes. However, the first round of inquiries in mainstream steel tenders fell short of expectations. SiMn producers have a weak willingness to actively quote in the spot market. Various market participants are adopting a wait-and-see attitude, awaiting the pricing situation in mainstream steel tenders.

On May 16: The SM2509 contract opened at 5,860 yuan/mt, experienced sideways movement after the morning session, and eventually closed at 5,858 yuan/mt, down 0.17%. The daily high was 5,886 yuan/mt, and the low was 5,818 yuan/mt. Trading volume reached 210,575 lots, with open interest at 381,074. Cost support for SiMn strengthened, and SiMn producers exhibited strong sentiment to stand firm on quotes. However, the first round of inquiries in mainstream steel tenders fell short of expectations, and SiMn producers were less inclined to actively quote in the spot market. Most market participants adopted a wait-and-see attitude, awaiting pricing outcomes from mainstream steel tenders.

》Subscribe to view historical SMM metal spot 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 for 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

1 hour ago

Iron Ore Port Inventory and Port Pick-up Volume on September 4, 2026

As of September 4, the latest SMM data shows that total iron ore inventory across 35 main ports in China stood at 143.91 million mt, down 1.7 million mt MoM, with overall inventory trending lower. Daily average port pick-up volume edged up by 55,000 mt to 3.145 million mt.

1 hour ago

14 hours ago

MMi Daily Iron Ore Report (September 3)

Iron ore futures traded firmer on Wednesday. The DCE most-traded I2701 contract settled at 726.5 yuan/mt, up 1.32% from the previous session. Qingdao port spot prices rose by an average of 12–14 yuan/mt, with traders showing only moderate enthusiasm in offering and mills buying on an as-needed basis. Overall spot trading activity was lacklustre.

14 hours ago

16 hours ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

16 hours ago