Cost support slightly eases, SiMn prices stabilize temporarily [SMM Manganese Silicon Futures Review]

Published: Aug 22, 2025 16:17

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On August 22, the SM2601 contract opened at 5,838 and finally closed at 5,832 yuan/mt, down 0.24%, with the highest price of the day at 5,844 yuan/mt and the lowest at 5,782 yuan/mt. The trading volume was 184,864 lots, and the open interest was 302,672 lots. The futures fluctuated rangebound today, and the spot price of SiMn alloy remained stable. Cost side, ore prices dropped slightly, and cost support weakened somewhat. SiMn alloy factories are still mainly fulfilling orders, with relatively small inventory pressure and low willingness to sell at lower prices.

On August 22, the SM2601 contract opened at 5838 and finally closed at 5832 yuan/mt, a decline of 0.24%, with the highest price of the day at 5844 yuan/mt and the lowest at 5782 yuan/mt. The trading volume was 184,864 lots, and the open interest was 302,672 lots. Futures fluctuated rangebound today, with spot SiMn alloy prices remaining stable. Cost side, ore prices dropped slightly, loosening cost support somewhat. SiMn alloy plants are still mainly fulfilling orders, with relatively small inventory pressure and low willingness to sell at lower prices.

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