Silicomanganese Futures Fluctuate Silicomanganese Prices Stabilize [SMM Silicomanganese Futures Review]

Published: Aug 21, 2025 17:11

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On August 21, the SM2601 contract opened at 5850 and finally closed at 5838 yuan/mt, down 0.10%. The highest price was 5870 yuan/mt and the lowest price was 5826 yuan/mt. Trading volume was 161,343 lots and open interest was 288,840 lots. Cost side, manganese ore prices declined but the drop was limited. Coupled with high coke prices, the cost support for SiMn alloy remained strong. Futures side, today's SiMn futures prices fluctuated, and there was a strong wait-and-see sentiment among SiMn alloy producers. Spot side, today's spot SiMn prices were stable. Given the impact of futures fluctuations, most alloy producers held back from selling, paying close attention to changes in the futures market.

On August 21, the SM2601 contract opened at 5,850 and finally closed at 5,838 yuan/mt, a decrease of 0.10%. The highest price was 5,870 yuan/mt, and the lowest price was 5,826 yuan/mt. Trading volume was 161,343 lots, and open interest was 288,840 lots. Cost side, manganese ore prices declined, but the decline was limited. Coupled with high coke prices, the cost support for SiMn alloy remained strong. Futures side, today's SiMn futures prices fluctuated, and there was a strong wait-and-see sentiment among SiMn alloy producers. Spot side, today's spot SiMn prices were stable. Given the impact of futures fluctuations, most alloy producers held back from selling, paying close attention to changes in the futures market.

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