There are currently no positive factors in the market, and spot prices remain stable [SMM Manganese Silicon Futures Review]

[SMM Manganese-Silicon Futures Review: No Positive Factors in the Market, Spot Prices Remain Stable] The SM2509 contract opened at 5,590 yuan/mt, experienced sideways movement after the morning session, and eventually closed at 5,616 yuan/mt, up 0.97%. The daily high was 5,720 yuan/mt, and the low was 5,572 yuan/mt. Trading volume was 445,810 lots, and open interest was 394,983. On the raw material side, the manganese ore market showed relatively small fluctuations, and except for Gabon ore, the spot prices of other manganese ore varieties remained stable. On the spot side, most SiMn producers held back from selling, and downstream steel mills were cautious in purchasing SiMn. With no positive factors in the market, the spot price of SiMn remained stable.