Manganese silicon futures fluctuate considerably. Pay attention to the pricing of mainstream steel tenders [SMM Manganese Silicon Futures Review]

On August 8: The SM2509 contract opened at 6,050 yuan/mt and closed at 6,046 yuan/mt, down by 0.30%, with a daily high of 6,086 yuan/mt and a low of 5,984 yuan/mt. Trading volume was 267,435 lots, and open interest was 227,609 lots. Today, the futures fluctuated considerably. On the raw material side, the manganese ore market remained in a high-level consolidation, with spot prices remaining stable. On the demand side, HBIS Group's first-round inquiry price for SiMn in August was 6,000 yuan/mt, compared to the July SiMn pricing of 5,850 yuan/mt, showing an upward trend, which boosted market sentiment in the short term. Attention should be paid to the pricing of mainstream steel tenders.