Futures pick up Silicon manganese prices fluctuate with limited amplitude

Silicon manganese futures rebounded slightly before the Mid-Autumn Festival, with the 2301 contract closing at about 7200, and the opening of the market stabilized at the beginning of the week in the range of 7100-7200. In the spot market, the low quotation of the factory is cautious and reduced, and the quotation returns to the 7000 line. At present, the northern silicon manganese 6517 quotation is stable in the range of 7000-7100 yuan / ton, and the southern quotation is still maintained at 7000-7150 yuan / ton.

Many factories said that the 7000 line was reluctant to trade, and their confidence in the future market changed with the repair of the disk. Traders wait and see and operate side by side, indicating that the operating space is small. Today's current company Tianjin Port pickup 09 contract down 140, 10 contract down 120, the advantage is not obvious.

At the beginning of the week, the raw materials ran smoothly, and the port manganese ore price was temporarily stable: Tianjin Hong Kong and Macao block reported 44-44.5; South Africa block reported 34; Gabon block reported 42-42.5; Qinzhou Hong Kong and Macao block 45-46, South African block reported 34.5-35, Gabon block reported 42.5-43, (unit: yuan / ton)

Overall, with the end of the steel move, the market price gradually stabilizes, paying attention to the fluctuations of the black disk surface, and the fluctuation range of silicon manganese spot in the short term is limited.

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