The SiMn futures market fluctuated, with spot prices dropping slightly [SMM SiMn Futures Review]

Published: Aug 1, 2025 17:24

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The SM2509 contract opened at 5,982 yuan/mt and closed at 5,962 yuan/mt, with a decline of 0.43%. The daily high was 6,014 yuan/mt and the low was 5,938 yuan/mt. Trading volume reached 358,667 lots, and open interest stood at 271,263 lots. Today, the futures market exhibited a consolidating trend with a narrowed overall decline, and market trading sentiment remained relatively stable. On the raw material side, the previous upward momentum has eased, and the rally has weakened. As a result, the spot price of SiMn has dropped back slightly, and it is expected that the price will maintain a fluctuating trend in the future market.

On August 1st: The SM2509 contract opened at 5982 yuan/mt and closed at 5962 yuan/mt, with a decline of 0.43%. The daily high was 6014 yuan/mt and the low was 5938 yuan/mt. Trading volume was 358,667 lots, and open interest was 271,263 lots. Today, the futures market showed a consolidation trend with a narrowed overall decline and relatively stable market sentiment. On the raw material side, the previous upward momentum has eased, and the rally has weakened. Affected by this, the spot price of SiMn has dropped back slightly, and it is expected that the price will continue to maintain a fluctuating trend in the future market.

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

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