Jun. 24, 2025: Ferrosilicon Latest News (6672, -28.00, -0.42%) :
On Tuesday, the futures price of ferrosilicon fluctuated and weakened. The main contract closed at 5,288 CNY per ton, down 0.53% from the previous period. The open interest of the main contract decreased by 4,894 lots to 218,600 lots compared with the previous period. The spot consolidated prices of ferrosilicon in various regions range from 5,100 to 5,150 CNY/ ton. In Qinghai region, they have decreased by 50CNY/ ton compared with the previous day. Yesterday, the overall trend of the black sector was relatively weak. The prices of dual coke led the decline, and the center of the ferrosilicon futures price slightly shifted downward. The overall fundamental driver is relatively weak. On the supply side, the weekly output of ferrosilicon rose month-on-month and was higher than the average of the same period in the past five years. On the demand side, the steel bidding price continues to decline. A certain steel mill in Jiangsu Province has set the purchase price of ferrosilicon at 5,480 CNY, a decrease of 300CNY per ton compared to the previous round. On the cost side, the price of small raw materials for blue carbon in Shaanxi region has decreased compared with the previous period recently. Currently, it is approximately 580CNY per ton, a decrease of 20CNY per ton compared with the previous week. The cost support is not strong. Overall, market sentiment needs to be boosted, and the driving force of fundamentals is limited. It is expected that in the short term, it will still be affected by the overall trend of the black sector, with low-level fluctuations as the main trend. Pay attention to market sentiment and changes in supply and demand.
Jun. 24, 2025: Silicon Manganese Latest News (7126, -152.00, -2.09%) :
On Tuesday, the futures price of silicon and manganese fluctuated and weakened. The main contract closed at 5,556 CNY/ ton, down 1.1% from the previous period. The open interest of the main contract increased by 6,839 lots to 405,100 lots compared with the previous period. The spot market prices of 6517 silicon and manganese in various regions range from approximately 5,430 to 5,550 CNY per ton. In Ningxia region, they have decreased by 20CNY per ton compared to the previous day. Yesterday, the overall trend of the black metal sector was relatively weak. The prices of dual coke led the decline, driving the price center of silicon and manganese futures to shift downward month-on-month. From the perspective of supply and demand, although the weekly output of silicon and manganese is at a relatively low level for the same period in recent years, it has risen month-on-month for five consecutive weeks. On the demand side, after the mainstream steel bidding was set, the rest of the steel bidding is being carried out one after another, and the steel bidding pricing has gradually decreased compared with last month. On the cost side, the inventory of manganese ore at ports decreased by 200,000 tons to 4.21 million tons last week compared with the previous week. Recently, the price of manganese ore at ports has remained stable. The price of Australian ore is about 38.5CNY per ton, that of Gabon ore is about 37CNY per ton, and that of semi-carbonated ore from South Africa is about 33CNY per ton. Overall, market sentiment is weak, and the driving force of fundamentals is limited. It is expected that the market will remain at a low level in the short term. Pay attention to the overall trend of the black sector.