Yangtze River non-ferrous metal net

[manganese silicon futures market]BaccaratmenYesterday morning, the main Manganese Silicon 2409 contract opened to continue the high upward trend.BaccaratmenAt present, the main force of manganese silicon has harvested nine Lianyang. Since April, due to the suspension of operations of South32 mines in Australia, the price of manganese silicon has soared by more than 30%. It continued to rise rapidly in late trading and closed at 8376, up 1%.Baccaratmen.18%, continuing to hit a new high for the year; market trading volume fell slightly, and attention was paid to whether manganese silicon prices were affected by risk control policies.

Changjiang Ferroalloy Network News (ccmnBaccaratmen.cn / tiehejin): according to Changjiang Nonferrous net, on May 9th, the quoted price of silicon-manganese alloy (FeMn60Si17) was 7650-7850 yuan / ton, unchanged compared with the previous working day; the quoted price of silicon-manganese alloy (FeMn60Si14) was 7050-7250 yuan / ton, unchanged compared with the previous working day; and the quoted price of silicon-manganese alloy (FeMn60Si28) was 10050-10250 yuan / ton, unchanged from the previous working day. News, May 7, Zheng Shang issued a notice that since May 10, 2024, the transaction fee standards for manganese silicon futures 2406, 2407, 2408 and 2409 contracts and intraday open positions have been adjusted to 6 yuan / hand. Prior to this, manganese silicon futures all contract trading fees of 3 yuan / hand, and waived within the day closing the current position handling fees. On the cost side, South32 said in its quarterly report that terminal operations and export sales of manganese mines are expected to resume in the first quarter of 2025; imports from Australia reached 5.24 million tons last year, accounting for 17% of total imports. Although GEMCO manganese ore accounts for a limited share of total imports, its recovery time is expected to last nearly a year, and the impact of the event can not be dissipated in the short term, so the market is bullish. On the supply side, the operating rate in Guangxi has increased, and most of the factories in Guilin have resumed production, but basically one shift of production has been maintained, construction in Guizhou is relatively stable, and with the advent of the flood season in Yunnan, manufacturers have resumed production one after another. the start-up rate is expected to reach about 90% in June. Production in Inner Mongolia has not fluctuated much this week, and some factories that have stopped production say they may resume production in late May.

Operational suggestions: futures, pay attention to the manganese silicon 2409 contract 8700-8900 near the early pressure range, the market rose for more than a month, with the exchange's follow-up risk control measures increased, the market's enthusiastic bullish sentiment may gradually slow down. Pre-profit single can consider close to the pressure to stop earnings and reduce positions, pay attention to whether the follow-up can break through in the re-entry. Short-term sustained low and multi-thinking, do not overchase high, short-term focus on 8300-8380 near the support strength.

On the spot side, we should pay attention to whether the risk control policy of the follow-up exchange will continue to be introduced, whether the factory will resume work in late May, whether the steel price will fall, and whether the factory warehouse can continue to go to the warehouse.

Changjiang Nonferrous Metals net cjys.cn Tel: 0592-5668838