baitfish| The shipping problem of manganese silicon-Australian ore continues to ferment, raising concerns about tight supply

The operation of manganese silicon market is strong. On the supply side, Mysteel statistics shows a sample of 187 independent silicon and manganese enterprises in China: operating rate (capacity utilization) 37.Baitfish.89%, an increase of 0% from the previous monthBaitfish.32%; the average daily output is 22890 tons, an increase of 35 tons. The problem of Australian ore shipping continues to ferment, further raising the shortage of domestic Australian ore supply.BaitfishWorried that manganese ore prices will continue to operate at a high level, chemical coke will rise and land in four rounds, losses of manganese silicon manufacturers in the whole country, especially in the south, and production will be increased in advance or slightly during the flood season in some parts of the south, but the increment of manganese silicon supply is limited due to the cost. Some manufacturers who stop production in the early stage plan to stabilize and resume production, it is more difficult to purchase at low spot prices, manufacturers have the mentality of being reluctant to sell, the quotation is firm, and the mainstream steel mills in the north have not yet entered the market. The market has the wait-and-see mentality, the manganese silicon period now the cost is high and under the production reduction support or continues to run strongly, pays attention to the follow-up manganese ore outer disk quotation hot metal to rise continuously. 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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