HBIS Procurement Volume Rises, Focus on First Round Inquiry Price of Steel Tender [SMM Silicon Manganese Futures Review]

Published: Sep 9, 2025 15:59

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On September 9, the SM2601 contract opened at 5,840 yuan/mt and closed at 5,838 yuan/mt, up 0.55%. The highest price reached 5,864 yuan/mt, while the lowest was 5,816 yuan/mt. Trading volume stood at 119,207 lots, with open interest at 318,548 lots. The futures fluctuated at relatively high levels during the daytime session. Cost side, manganese ore prices and coke prices remained at relatively high levels, maintaining overall cost support. Supply side, as the futures started the week trading higher than last week's levels with fluctuations, producers showed slightly firmer selling sentiment. However, the SiMn market still exhibited strong wait-and-see sentiment, with spot prices holding steady. Demand side, HBIS Group announced a September SiMn procurement volume of 17,000 mt, compared to August's 16,100 mt, showing an increase. Market participants are closely watching HBIS's pricing guidance.

September 9 (SMM) - The SM2601 contract opened at 5,840 yuan/mt and closed at 5,838 yuan/mt, up 0.55%. The highest price was 5,864 yuan/mt, while the lowest was 5,816 yuan/mt. Trading volume reached 119,207 lots, with open interest at 318,548 lots. The futures fluctuated at highs during the daytime session. Cost side, manganese ore prices and coke prices remained at relatively high levels, maintaining overall cost support. Supply side, as the futures started the week at relatively high levels compared to last week and fluctuated, producers showed slightly firmer selling sentiment, but wait-and-see sentiment still dominated the SiMn market, with spot prices holding steady. Demand side, HBIS Group announced its September SiMn procurement volume at 17,000 mt, up from August's 16,100 mt. The increase drew market attention to HBIS' pricing guidance.

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