During the second half of September, both futures and spot prices for manganese-silicon (MnSi) exhibited range-bound, oscillating behavior with limited volatility. The primary futures contract

Macroeconomics 1. [Electricity Consumption] Data from the National Energy Administration shows that in September, total electricity consumption across society reached 899.7 billion kWh, an increase of

According to SunSirs: The silicomanganese market experienced range-bound fluctuations last week. Futures and spot prices showed a strong correlation, with the market caught between cost

Macroeconomics 1. [M2] The Central Bank: As of the end of September, the balance of broad money (M2) stood at 359.63 trillion RMB, an increase of

According to SunSirs, the silicomanganese market last week was characterized by cost support from raw materials, a divergence in supply between the north and south,

According to SunSirs, the silicomanganese market experienced fluctuating trends last week, with limited volatility in futures prices. As the holiday approached, downstream procurement had largely

Macroeconomics 1. [Monetary Policy] The People's Bank of China (PBOC) held a symposium with foreign financial institutions to solicit their views and suggestions, and to discuss

Macroeconomics 1. [Electricity Consumption] National Energy Administration: In August 2026, total electricity consumption across society once again surpassed the one-trillion-kilowatt-hour mark, reaching 1.0332 trillion kWh—a year-on-year

Price trends According to SunSirs, the silicomanganese market last week remained supported by production costs; however, the market's center of gravity shifted downward, and the trend

Macroeconomics 1. [Industrial Value Added] National Bureau of Statistics: In August, the value added of industrial enterprises above designated size grew by 5.2% year-on-year in real

According to SunSirs, the silicomanganese market underwent fluctuating adjustments last week. While earlier price hikes for coke have gradually taken effect—providing continued support from raw

Macroeconomics 1. [Automotive] Data released by the CPCA (China Passenger Car Association) shows that retail sales in the national passenger vehicle market totaled 1.541 million units

Macroeconomics 1. [PPI] National Bureau of Statistics: In August 2026, the national producer price index (PPI) for manufactured goods rose by 3.8% year-on-year and 0.4% month-on-month.

According to SunSirs, silicomanganese futures fluctuated at high levels last week, and market sentiment shifted toward a "wait-and-see" approach. Regarding production areas, the recent resumption

Price Trends According to SunSirs, the silicomanganese market performed strongly last week; continuous gains in futures prices boosted market sentiment. Meanwhile, costs rose steadily—driven by firm

Macroeconomics 1. [US Core PCE Price Index] The US core Personal Consumption Expenditures (PCE) price index rose 0.2% month-on-month in July, matching the forecast and up

According to SunSirs data, silicomanganese futures traded strongly last week, driven by market sentiment across the ferrous metals sector. On the cost side, chemical coke

Macroeconomics 1. [US-Canada Trade] Trade negotiations between the US and Canada collapsed on August 22. As Canada failed to reach an agreement by the deadline, the

According to Futures Daily, high inventory pressure combined with poor profitability has led producers to continue cutting output, resulting in a slight contraction of manganese-silicon