Manganese-silicon futures in the doldrums, spot price temporarily stable [SMM Manganese-silicon Futures Review]

[SMM Ferromanganese-Silicon Futures Review: Ferromanganese-Silicon Futures Market in the Doldrums, Spot Prices Remain Stable] The SM2509 contract opened at 5,532 yuan/mt, experienced sideways movement after the morning session, and eventually closed at 5,542 yuan/mt, down 0.18%. The daily high was 5,590 yuan/mt, and the low was 5,506 yuan/mt. Trading volume was 184,780 lots, and open interest was 436,151. On the raw material side, the quotes from ore merchants fluctuated relatively small, and manganese ore prices remained stable. On the spot side, influenced by the doldrums in the futures market, SiMn holders maintained their quotes, and spot prices remained stable. Currently, there are no positive factors in the SiMn market, and it is expected that spot SiMn prices will remain weak in the future.