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Summary of MnSi 2509 Market Analysis Report

Report Details

• Date: 2025-07-09
• Author: Deya Futures Investment Consulting Department, Hu Yuxiu
• Qualifications:从业资格证号: F03105325; 投资咨询证号: Z0021337
• Business License: 证监许可【2012】1091号 for securities consultation

Daily Market Outlook

Based on comprehensive analysis of MnSi (Manganese Silicon) futures:

• Fundamental Factors: Mn ore prices show upward trend, providing cost support. Steel procurement activities are ongoing, with MnSi production firms adopting a cautious stance. Short-term price stability is expected, with emphasis on monitoring demand progression from steel buyers.
• Basis: The basis indicates spot prices are below the 09 contract, creating a slight backwardation, which may pose short-term risks due to no immediate demand uplift.
• Inventory: Inventory levels are neutral, with no significant build-up or depletion noted, balancing supply-demand dynamics.
• Price Action: The MA20 moving average is upward, supporting a bullish view on medium-term trends.
• Holding Position: Major traders hold net long positions, shifting from short to long, indicating confidence in upward momentum.
• Short-Term Forecast: Prices are expected to oscillate with range-bound movement between 5600 and 5750 yuan/ton.

Key Market Data from Charts

• Supply: Production remains steady with regional variations; for example, China's annual output shows growth trends, while specific regions like Inner Mongolia and Ningxia display fluctuating monthly volumes.
• Demand: Steel demand is influenced by large procurement orders from steel mills such as HBIS and Baosteel, with prices reflecting market conditions from buyer feedback.
• Cost Factors: Mn ore imports are rising, with key ports like Tianjin reporting increasing inventory and prices fluctuating based on sources like South Africa and Australia; high-grade ore prices face market dependency.
• Profitability: Region-specific profit margins show variance, with Northern areas potentially under more strain than Southern regions during price oscillations.

Important Notes

• This report is not an investment service and does not constitute advice; reliance on it could misinterpret risks. Market volatility requires prudence from investors.

Disclaimer Summary

The report is based on publicly available data and company analysis, without guarantees on accuracy or reliability. Users must perform their own due diligence. Deya Futures retains rights as the copyright holder, and any unauthorized use may violate terms.