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Home / Metal News / SiMn hits the daily limit during trading, with spot price remaining stable [SMM SiMn futures review]

SiMn hits the daily limit during trading, with spot price remaining stable [SMM SiMn futures review]

iconJul 25, 2025 16:59
Source:SMM
The SM2509 contract opened at 6,000 yuan/mt and closed at 6,414 yuan/mt, with an increase of 8.02%. The daily high was 6,414 yuan/mt and the low was 5,954 yuan/mt. Trading volume was 877,130 lots, and open interest was 387,032 lots. On the raw material side, South32's offer for South African semi-carbonate lumps with a September 2025 shipment date to China was $4.05/mtu (up $0.15), and the offer for Australian lumps was $4.45/mtu (up $0.1). Cost support was strong, and manganese ore prices remained stable at high levels. On the futures side, SiMn hit the daily limit up during trading, with high market sentiment. Preliminary understanding suggests this is related to relevant policies, and continuous follow-up is needed. The spot price of SiMn remained stable, and continuous attention should be paid to future price trends.

  July 25 News: The SM2509 contract opened at 6,000 yuan/mt and closed at 6,414 yuan/mt, up 8.02%. The daily high was 6,414 yuan/mt and the low was 5,954 yuan/mt. Trading volume was 877,130 lots, and open interest was 387,032 lots. On the raw material side, South32's offer for South African semi-carbonated lump ore with a September 2025 shipment date to China was $4.05/mtu (up $0.15), and the offer for Australian lump ore was $4.45/mtu (up $0.1). Cost support was strong, and manganese ore prices remained stable at high levels. On the futures side, SiMn hit the daily price limit during trading, with high market sentiment. Preliminary understanding suggests this is related to relevant policies, and continuous follow-up is needed. The spot price of SiMn remained stable, and close attention should be paid to future price trends.

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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