Futures of manganese-silicon alloy fluctuated considerably, while spot price rose slightly [SMM manganese-silicon futures review]

Published: Aug 12, 2025 16:15

Save

On August 12th: The SM2509 contract opened at 6,130 yuan/mt and closed at 6,110 yuan/mt, up by 0.16%, with a daily high of 6,152 yuan/mt and a low of 6,074 yuan/mt. Trading volume reached 259,017 lots, and open interest stood at 203,938 lots. Affected by the expected procurement and transportation restrictions policy at Tianjin Port in late August, many SiMn alloy plants in the region have chosen to pick up goods in advance recently. The spot price of manganese ore in the northern market has risen slightly, with strong cost support. Today, the futures market fluctuated considerably, with a warm atmosphere in the SiMn market and a slight increase in spot prices. Attention should be paid to the guiding role of steel procurement pricing on the market.

On August 12th: The SM2509 contract opened at 6130 yuan/mt and closed at 6110 yuan/mt, with an increase of 0.16%. The daily high was 6152 yuan/mt and the low was 6074 yuan/mt. Trading volume reached 259,017 lots, and open interest stood at 203,938 lots. Affected by the expected procurement and transportation restrictions policy at Tianjin Port in late August, many SiMn alloy plants in the region have chosen to pick up goods in advance recently. The spot price of manganese ore in the northern market has risen slightly, with strong cost support. Today, the futures fluctuated considerably, the market atmosphere for SiMn was warm, and the spot price rose slightly. Attention should be paid to the guiding role of steel bidding pricing on the 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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41