Jun. 4, 2025: Silicon Manganese Latest News

Silicon manganese (7126, -152.00, -2.09%) : On Wednesday, the futures price of silicon manganese fluctuated and strengthened, with the increase expanding at the end of the trading session. The main contract closed at 5,502CNY/ton, up 2.12% month-on-month, while the open interest decreased by 7,187 lots to 487,700 lots month-on-month. Yesterday, the overall trend of the black metal sector was relatively strong, with coking coal and coke prices leading the gains, and the center of futures prices for silicon and manganese shifted upward accordingly. Recently, the black metal sector has shown a trend of convergence. Driven by the price of coking coal, it has rebounded collectively. On the one hand, this has greatly boosted market sentiment. On the other hand, the upward trend of coking coal prices has gradually increased the cost support for silicon and manganese. The combined effect of the two aspects has driven up the futures prices of silicon and manganese. Looking ahead, the main drivers of silicon and manganese prices may still be sentiment and cost. The output of silicon and manganese has started to rise week-on-week, and the supply and demand situation is unlikely to improve significantly in the short term. We should continue to pay attention to market sentiment and cost changes. It is expected that in the short term, it will mainly follow the overall fluctuations of the black market, and treat it as a rebound rather than a reversal.