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Home / Metal News / The SiMn futures market fluctuated downward, with market reluctance to budge on prices remaining strong [SMM manganese-silicon futures review]

The SiMn futures market fluctuated downward, with market reluctance to budge on prices remaining strong [SMM manganese-silicon futures review]

iconJul 30, 2025 16:14
Source:SMM
The SM2509 contract opened at 6,356 yuan/mt and closed at 6,116 yuan/mt, with a decline of 0.42%. The daily high was 6,392 yuan/mt and the low was 6,082 yuan/mt. Trading volume reached 728,699 lots, and open interest stood at 334,179 lots. Cost side, the manganese ore market has continued to strengthen recently, with quoted prices gradually rising. Traders have shown low willingness to sell at low prices, and various types of manganese ore have increased to varying degrees. At the beginning of this week, the average price of manganese ore rose by 0.5 yuan/mtu. Today, futures fluctuated downward but remained above the 6,000 yuan/mt level, and the reluctance to budge on prices in the SiMn market persisted. It is expected that SiMn prices will remain firm in the short term.

  July 30 News: The SM2509 contract opened at 6,356 yuan/mt and closed at 6,116 yuan/mt, down 0.42%. The daily high was 6,392 yuan/mt and the low was 6,082 yuan/mt. Trading volume reached 728,699 lots, and open interest stood at 334,179 lots. Cost side, the manganese ore market has continued to strengthen recently, with offers gradually rising. Traders have shown low willingness to sell at low prices, and various types of manganese ore have seen varying degrees of increase. At the beginning of this week, the average price of manganese ore rose by 0.5 yuan/mtu. Today, futures fluctuated downward but remained above the 6,000 yuan/mt level, and the reluctance to budge on prices in the SiMn market persisted. It is expected that SiMn prices will remain firm in the short term.

 

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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