The main contract of manganese silicon futures rose 2% on April 26.Freecasinogamesnodeposit.85% to 7454 yuan / ton. The operating rate of silicomanganese enterprises in China has increased by 0.Freecasinogamesnodeposit.43%, the average daily output increased by 130 tons to 22855 tons. The shipping problem of Australian mine continues, the quotation of manganese ore is chaotic and the cost support is strong. Hongye futures believe that the supply-side pressure is greater, but the price of manganese silicon is bullish under the support of cost. Founder medium-term futures are expected to rise in the short term, but high inventories could lead to a fall in prices in May.
[on April 26th, the main contract of the domestic futures market showed a mixed trend, and the main contract of manganese silicon futures showed a particularly eye-catching performance, closing up 2.85%. In the domestic futures market on April 26th, the main contract of manganese silicon futures opened at a price of 7266 yuan / ton and continued to fluctuate at a high level in the session. At the close, the main manganese silicon contract hit a high of 7454.00 yuan, the lowest reached 7208.00 yuan, and finally closed with an increase of 2.85%. According to the latest data, the operating rate of 187 independent silicon and manganese enterprises rose to 37.57%, an increase from the previous week.Freecasinogamesnodeposit0.43 percentage points. The average daily output of these enterprises has also increased toFreecasinogamesnodepositThe figure was 22855 tons, an increase of 130 tons over the previous month. Due to the continuous lack of ore shipments in Australia, it may be difficult to alleviate the shortage of manganese ore supply in the short term. Under the background of chaotic quotation of manganese ore, the support of manganese silicon cost continues to be strong. According to the statistical data from January to March, the weekly output of manganese silicon is basically stable at about 200000 tons. By April, weekly production of manganese silicon had fallen to 163000 tons, down 15.7 per cent from a month earlier. The reduction of production in Inner Mongolia, Yunnan and Guangxi is the main reason for the decline of total output. Looking to the future, the forecasts of the relevant institutions on the manganese silicon futures market are as follows: the analysis of Hongye Futures points out that on the supply side, the increase in production in Yunnan is expected to push up the total output. At the same time, the improvement of the downstream steel market is also expected to gradually restore alloy demand. Although the inventory pressure of manganese silicon is still large, the recent rapid rise in manganese ore and coke prices provides a strong cost support for manganese silicon. Therefore, it is expected that the manganese silicon futures price will be on the high side in the short term. Founder medium-term futures said that production costs are still the main driver of manganese silicon futures prices. Driven by the strong rise in manganese ore prices, manganese silicon futures prices are expected to continue to rise. However, due to the high inventory of manganese silicon on the disk pressure still exists, as the price continues to rise, the disk pressure is also accumulating. It is expected that manganese and silicon prices will rise and fall in May. Therefore, it is suggested that alloy production enterprises should pay close attention to the changes of manganese ore price and chemical coke price, and sell insurance at high price when the base difference is low. To sum up, although the performance of the main manganese silicon futures contract on April 26 is quite eye-catching, there are still differences in the market's views on its future market. When making investment decisions, investors should fully consider the impact of various factors and carefully assess the risks.
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