Futures Market Fluctuates Upward, Market Transactions Slow Down [SMM Manganese Silicon Futures Review]

[SMM SiMn Alloy Futures Review: Futures Fluctuate Upward, Market Trading Slows] The SM2505 contract opened at 6,720 yuan/mt, fluctuated upward after the morning session, and finally closed at 6,882 yuan/mt, up 2.93%. The daily high was 6,916 yuan/mt, and the low was 6,670 yuan/mt. Trading volume reached 606,494 lots, and open interest stood at 428,384 lots. Raw material side, manganese ore trading slowed, but miners' offers remained firm, and spot prices stayed stable. Spot side, many SiMn alloy plants held back from selling, while downstream demand for SiMn alloy remained weak, with most waiting for mainstream steel tender pricing.