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Home / Metal News / Futures fluctuate upward, SiMn prices rise slightly [SMM Silicon Manganese Futures Review]
Futures fluctuate upward, SiMn prices rise slightly [SMM Silicon Manganese Futures Review]
Sep 17, 2025 15:47September 17: The SM2601 contract opened at 5,942 yuan/mt and closed at 5,990 yuan/mt, up 0.47%. The highest price was 5,992 yuan/mt and the lowest was 5,908 yuan/mt. Trading volume was 169,284 lots, and open interest was 326,849 lots. Cost side, the manganese ore market held up well recently, providing slightly stronger cost support. Supply side, SiMn alloy futures fluctuated upward today, driving up offers from SiMn alloy mills and lifting transaction prices. Demand side, there was no significant news-driven stimulus for steel mill demand. The future spot price trend of SiMn alloy still requires monitoring of futures movements and supply and demand conditions.
September 17 (SMM) - The SM2601 contract opened at 5,942 yuan/mt and closed at 5,990 yuan/mt, up 0.47%. The highest price was 5,992 yuan/mt and the lowest was 5,908 yuan/mt. Trading volume was 169,284 lots and open interest was 326,849 lots. Cost side, the manganese ore market held up well recently, providing slightly stronger cost support. Supply side, SiMn alloy futures fluctuated upward today. The rise in futures drove up offers from SiMn alloy plants and lifted transaction prices. Demand side, there was no significant news to stimulate demand from steel mills. The future spot price trend of SiMn alloy still needs to monitor changes in futures and supply and demand.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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