Futures market fluctuates upward, spot price remains stable for now [SMM Manganese Silicon Futures Review]

[SMM Ferromanganese Futures Review: Futures Market Fluctuates Upward, Spot Prices Remain Stable] The SM2509 contract opened at 5,566 yuan/mt, fluctuated upward after the morning session, and finally closed at 5,654 yuan/mt, up 1.80%. The daily high was 5,670 yuan/mt, and the low was 5,556 yuan/mt. Trading volume was 327,757 lots, and open interest was 401,426. On the raw material side, the manganese ore market was influenced by news, and miners' bullish sentiment strengthened, with spot prices of South African semi-carbonate and Gabon manganese ore continuing to rise. On the spot side, SiMn plants currently have a relatively weak willingness to sell actively, and spot prices remain stable.