Cost support strengthens, and the spot market sees a slight increase [SMM manganese silicon futures review]

[SMM Ferromanganese Futures Review: Cost Support Strengthens, Spot Market Edges Up Slightly] The SM2509 contract opened at 5,726 yuan/mt, fluctuated upward after the morning session, and finally closed at 5,712 yuan/mt, up 0.32%. The daily high was 5,736 yuan/mt, and the low was 5,674 yuan/mt. Trading volume was 185,856 lots, and open interest was 384,663. On the raw material side, influenced by the rise in futures, miners still showed reluctance to budge on prices, but alloy plants had weak acceptance of high-priced manganese ore, and the spot manganese ore market remained stable. On the spot side, influenced by cost support, SiMn plants had weak willingness to sell at low prices, and spot market quotes edged up slightly.