Futures market fluctuates upward, waiting for mainstream steel bidding pricing [SMM Manganese Silicon Futures Review]

[SMM Ferromanganese Futures Review: Futures Market Fluctuates Upward, Awaiting Pricing from Major Steel Mills' Bidding] The SM2509 contract opened at 5,560 yuan/mt, fluctuated upward after the morning session, and finally closed at 5,536 yuan/mt, up 0.25%. The daily high was 5,574 yuan/mt, and the low was 5,520 yuan/mt. Trading volume was 161,700 lots, and open interest was 421,834. On the raw material side, ore suppliers have limited room for price concessions, and the manganese ore market remains stable. On the spot side, SiMn spot prices are temporarily stable, with the market adopting a wait-and-see sentiment, awaiting pricing from major steel mills' bidding.