Newsletter summary
Manganese silicon 2409 contract charges 7248 yuan / tonThebestcryptogamesforandroid, up 3.Thebestcryptogamesforandroid.07%ThebestcryptogamesforandroidThe trading volume declined, while the position increased by 8428 lots. The spot market of silicon and manganese rose, and the inventory pressure of manufacturers alleviated. Liquidity increases positions, speculators recommend light positions homeopathic operation. Cost push up expectations, the northern Si-mn spot market offer raised to 6600-6700 yuan / ton. Manganese ore and chemical coke market pull up, downstream procurement is cautious. The manufacturer's inventory is transferred to the delivery warehouse, and the 05-09 price difference structure relieves the pressure of sale and delivery.
Text of news flash
[manganese silicon 2409 contract price increased significantly, position increased] Manganese silicon 2409 contract closed at 7248 yuan / ton today, up 3% from the day before.Thebestcryptogamesforandroid.07%, trading volume decreased slightly from the previous month, but overnight position increased by 8428 hands from the previous month, and finally reached 335907 hands. [Silicon-manganese pallets face cost-side push, spot market demand is strong] recently, silicon-manganese futures disk showed a pull-up trend, affected by the rapid push up of the cost side. The spot market of silicon and manganese rises synchronously, and manufacturers are not willing to ship goods at low prices. With the rise of futures prices, manufacturers actively sell and deliver in order to alleviate the pressure of high inventory. Although the downstream steel price has increased, but the market acceptance of the rapid rise in prices is not high, it is expected that the spot market before the festival is still strong. [trading strategy suggests light position homeopathic operation, and the structure of contract spread in recent months alleviates the pressure of centralized selling and delivery] after a comprehensive evaluation of the current disk liquidity, cost side, supply and demand structure and other factors, the spot market shows a strong structure. Industrial firm operators suggest selling, delivery and hedging operations on the basis of spot scale. Speculators suggest light positions with homeopathy, pay attention to changes in liquidity, and do a good job of capital and position management before the holidays. At the same time, the spread structure of 05-09 contract provides a margin of safety for 05 contract to buy delivery warehouse receipts, relieving the pressure of centralized delivery. [the current market of Si-mn period continues to strengthen, and the cost side is expected to be pushed up] the sharp rise of the cost side leads to the gradual strengthening of the two markets in Si-mn period. Silicon manganese spot market to maintain a pull upward trend, the northern silicon manganese spot market offer price is around 6600-6700 yuan / ton. The quotation for steel moves has also been improved. Manganese mine market due to the impact of the suspension of shipments of South32 Australia mine, port manganese ore prices have entered an accelerated stage. At the same time, the downstream steel move is about to open, the market price sentiment is higher. [inventory transferred to delivery warehouse, 09 contract position hit a new high] affected by the downturn in downstream demand, inventory accumulation was obvious in March, with the market rebound, manufacturers choose to sell delivery to reduce inventory pressure. There has been a substantial increase in warehouse receipt inventory across the country. In addition, the position of 09 contract continues to hit a new high, liquidity inflection point has not yet arrived, the market is still expected to push up costs in the later stage.