SiMn market returns to fundamentals, futures market fluctuates downward [SMM Manganese-Silicon Futures Review]

[SMM SiMn Futures Review: SiMn Market Returns to Fundamentals, Futures Market Fluctuates Downward] The SM2509 contract opened at 5,952 yuan/mt, fluctuated downward after the morning session, and eventually closed at 5,718 yuan/mt, down 3.64%. The daily high was 6,006 yuan/mt, and the low was 5,716 yuan/mt. Trading volume was 887,991 lots, and open interest was 435,700. The impact of bullish news on the SiMn market has dissipated, and the market has returned to fundamental logic. Influenced by yesterday's sentiment, SiMn holders slightly raised their quotes, while downstream buyers remained cautious about purchasing SiMn. Market transactions were sluggish, and it is expected that SiMn prices will remain in the doldrums in the future.