主要图表免责声明铁合金数据日报2022/9/20品种日内观点硅铁硅铁产量持续低迷，下游钢厂需求略有好转，需求上升，总体上供需偏紧，但企业库存居高不下，限制上涨空间，区间内波段操作为主。硅锰硅锰产量回升，总体上呈现宽松的供需关系，同时硅锰企业略微垒库，高库存持续抑制价格上行，中长期建议逢高做空。但锰矿价格小幅回升会一定程度上推动现货价格，成本支撑在，短期建议观望。产业链数据环比项目数据宁夏硅铁现价内蒙硅铁现价宁夏锰硅现价76007700715000项目数据环比7050锰硅2305结算价内蒙锰硅现价锰硅2301基差宁夏硅铁利润内蒙硅铁利润硅铁2305期现货市场120156660硅铁2305结算价硅铁2301结算价锰硅2301结算价789880740-120-66锰硅1-5价差126-298-120硅铁9-1价差-258-1561236-3215.4万利润持仓情况0.0万86.50内蒙锰硅利润-516.3140406.50宁夏锰硅利润-416.3140图2、硅锰现货价格（元/吨）图8、硅锰01合约基差1.5万0.1万锰硅23050.4万0.0万图1、硅铁现货价格（元/吨）图7、硅锰05合约基差图6、硅铁01合约基差图3、硅铁现货利润（元/吨）图4、硅锰现货利润（元/吨）图9、硅铁9-1价差图10、硅铁1-5价差本报告由东吴期货研究所制作及发布。报告是基于本公司认为可靠的且目前已公开的信息撰写，本公司力求但不保证该信息的准确性和完整性，所表述的意见并不构成对任何人的投资建议，投资者需自行承担风险。未经本公司事先书面授权，不得对本报告进行任何有悖原意的引用、删节、修改、及用于其它用途。图5、硅铁05合约基差54基差及价差硅铁2301基差-4746-156-54硅铁1-5价差锰硅9-1价差1767144硅铁2305基差锰硅2305基差7270-160硅铁23018.3万0.1万锰硅2301图11、硅锰9-1价差图12、硅锰1-5价差300050007000900011000130001500017000190002020/1/12020/2/12020/3/12020/4/12020/5/12020/6/12020/7/12020/8/12020/9/12020/10/12020/11/12020/12/12021/1/12021/2/12021/3/12021/4/12021/5/12021/6/12021/7/12021/8/12021/9/12021/10/12021/11/12021/12/12022/1/12022/2/12022/3/12022/4/12022/5/12022/6/12022/7/12022/8/12022/9/1宁夏硅铁内蒙硅铁30005000700090001100013000150002020/1/12020/2/12020/3/12020/4/12020/5/12020/6/12020/7/12020/8/12020/9/12020/10/12020/11/12020/12/12021/1/12021/2/12021/3/12021/4/12021/5/12021/6/12021/7/12021/8/12021/9/12021/10/12021/11/12021/12/12022/1/12022/2/12022/3/12022/4/12022/5/12022/6/12022/7/12022/8/12022/9/1宁夏硅锰内蒙硅锰-2000020004000600080001000012000140002019/1/32020/1/32021/1/32022/1/3宁夏虚拟利润内蒙虚拟利润-1000-500050010001500内蒙虚拟利润宁夏虚拟利润-2000-1000010002000300040005000600070005/166/167/168/169/1610/1611/1612/161/162/163/164/16SF2005基差SF2005基差SF2105基差SF2205基差-2000-10000100020003000400050001/162/163/164/165/166/167/168/169/1610/1611/1612/16SF2001基差SF2101基差SF2201基差SF2301基差-1000010002000300040005/166/167/168/169/1610/1611/1612/161/162/163/164/16SM2005基差SM2105基差SM2205基差SM2305基差-1000-5000500100015002000250030001/162/163/164/165/166/167/168/169/1610/1611/1612/16SM2001基差SM2101基差SM2201基差SM2301基差-400-20002004006001/162/163/164/165/166/167/168/169/16SF1909-SF2001SF2009-SF2101SF2109-SF2201SF2209-SF2301-1000-50005001000150020002500300035005/206/96/297/198/88/289/1710/710/2711/1612/612/261/15SF2001-SF2005SF2101-SF2105SF2201-SF2205SF2301-SF2305-400-20002004006008001/162/163/164/165/166/167/168/169/16SM1909-SM2001SM2009-SM2101SM2109-SM2201SM2209-SM2301-1000-50005001000150020005/206/96/297/198/88/289/1710/710/2711/1612/612/261/15SM2001-SM2005SM2101-SM2105SM2201-SM2205SM2301-SM2305