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

On August 11th: The SM2509 contract opened at 6,060 yuan/mt and closed at 6,100 yuan/mt, up 1.09%, with a daily high of 6,134 yuan/mt and a low of 6,060 yuan/mt. Trading volume reached 272,742 lots, and open interest stood at 217,168 lots. Today, the futures market fluctuated at highs, and there was still a reluctance to budge on prices in the market. On the raw material side, manganese ore prices remained 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 that boosted market sentiment in the short term. Attention should be paid to the pricing of mainstream steel tenders.