SiMn futures experienced a slight correction, with SiMn prices slightly increasing [SMM SiMn futures review]

The SM2509 contract opened at 6,106 yuan/mt and closed at 6,064 yuan/mt, down by 0.75%, with a daily high of 6,112 yuan/mt and a low of 6,024 yuan/mt. Trading volume was 261,156 lots, and open interest was 237,655 lots. Today, the futures fluctuated considerably. On the raw material side, the manganese ore market maintained a high-level consolidation, with South African ore at Qinzhou Port experiencing a slight upward movement. On the demand side, HBIS Group purchased 16,100 mt of SiMn in August, an increase of 1,500 mt from the previous month, showing an upward trend and providing short-term support for market sentiment. Attention should be paid to the pricing of mainstream steel tenders.