SiMn struggles to rise, spot price remains stable for now [SMM SiMn Futures Review]

[SMM Ferrosilicon Futures Review: SiMn Struggles to Rise, Spot Price Remains Stable] The SM2509 contract opened at 5,816 yuan/mt. After the morning session, it experienced sideways movement and eventually closed at 5,778 yuan/mt, down 0.41%. The daily high was 5,826 yuan/mt, and the low was 5,760 yuan/mt. Trading volume reached 212,202 lots, with open interest at 397,001. The ore sector is currently operating steadily, while the cost support in the SiMn market has weakened, and SiMn plants currently have a weak willingness to offer quotes. Mainstream steel tenders have not yet been priced, and the market still maintains a wait-and-see sentiment, with many waiting for the pricing situation of mainstream steel tenders.