The operation of manganese silicon market is strong. Supply sidePokerwinninghandsMysteel statistics sample of 187 independent silicon and manganese enterprises in China: operating rate (capacity utilization) national 37Pokerwinninghands.89%, an increase of 0% from the previous monthPokerwinninghands.32%PokerwinninghandsThe average daily output is 22890 tons, an increase of 35 tons. The problem of Australian ore shipping continues to ferment, which further raises the concern about the shortage of domestic Australian ore supply. Manganese ore prices will continue to operate at a high level, and chemical coke will rise and fall to the ground for four rounds. The loss of manganese silicon manufacturers in the whole country, especially in the south, has expanded, and production has been increased in advance or slightly in some parts of the south, but due to the influence of cost, the increment of manganese silicon supply is limited, and some manufacturers plan to stop production in the early stage. It is more difficult to purchase at low spot prices, manufacturers have the psychology of cherishing sales, the quotation is firm, the mainstream steel mills in the north have not yet entered the market, and there is a wait-and-see mentality in the market. Manganese silicon period is now high cost and production reduction support or continue to be strong operation, pay attention to the continuous recovery of hot metal in the follow-up manganese ore outer disk quotation. Strategic recommendations: SM2409 contract shock is strong, multi-party is still relatively strong, the operation suggests to continue to be treated with strong shock ideas, please investors pay attention to risk control.

Researcher: Cai Yuehui

Futures qualification number: F0251444

Futures investment consulting certificate number: 20013101

Assistant researcher: Li Qiurong

Futures qualification number: F03101823

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