20241227-广发期货-铁合金期货周报_锰矿库存加速去化_合金供应表现差异_45页_4mb

The 2024 December 27 Iron And Manganese Alloy Futures Weekly Report highlights key market dynamics for silicon iron and silicon manganese. Manganese ore inventories are declining rapidly, driven by reduced shipments from Gabon, while both alloys face supply-side constraints easing compared to previous weeks. The report details a slight decrease in silicon iron production capacity and profit margin, largely due to lower secondary demand from steel mills amid declining ferrous steel production. Silicon manganese output continues to increase, adding pressure on the oversupplied market.

Prices for both alloys have recently dropped significantly, influenced by cost reductions in coking coal and concentrated profit dips in the steel industry. Macroeconomic factors are limited, and the upcoming holiday period may introduce "macro vacuum" affecting market sentiment, potentially leading to price fluctuations based on fundamentals in the near term. A recommended strategy for the short term is an "air bounce short" position ahead of potential rebounds. Support references for silicon iron are around 6000 yuan/ton, and for silicon manganese around 5950 yuan/ton.

库存减缓减少 市场净增长 宏观影响有限 供给需求平衡