30日双硅主力合约盘面震荡上行，均有不同程度的上涨。成本端来看，冶金焦价格涨后持稳，天津港澳矿上涨0.1元/吨度，加蓬矿上涨0.3元/吨度，半碳酸上涨0.2元/吨度，宁夏地区电价上周上调0.02元/度后持稳，硅锰成本线小幅上行，利润下跌，硅铁暂时持稳。1月钢招开启，硅铁主流价月环比上涨，处于8700-8800元/吨的位置，硅锰招标量1.6万吨。整体供给端双硅均有增量，需求虽有增量但不多，整体走平，库存积压，硅铁去库势头反转。目前黑色系情绪波动较大，建议在钢招区间轻仓操作，双硅以高空为主。

研究报告全文：铁合金数据日报202313品种日内观点30日双硅主力合约盘面震荡上行均有不同程度的上涨成本端来看冶金焦价格涨后持稳天津港澳硅铁矿上涨01元吨度加蓬矿上涨03元吨度半碳酸上涨02元吨度宁夏地区电价上周上调002元度后持稳硅锰成本线小幅上行利润下跌硅铁暂时持稳1月钢招开启硅铁主流价月环比上涨处于8700-8800元吨的位置硅锰招标量16万吨整体供给端双硅均有增量需求虽有增量但不多整体走硅锰平库存积压硅铁去库势头反转目前黑色系情绪波动较大建议在钢招区间轻仓操作双硅以高空为主产业链数据项目数据环比项目数据环比宁夏硅铁现价80500硅铁2305结算价8032-34内蒙硅铁现价80500硅铁2301结算价8408-36期现货市场宁夏锰硅现价730050锰硅2305结算价7682134内蒙锰硅现价73000锰硅2301结算价7760138硅铁2305基差1834硅铁1-5价差39824硅铁2301基差-35836硅铁5-9价差62-4基差及价差锰硅2305基差-382-134锰硅1-5价差784锰硅2301基差-460-138锰硅5-9价差8046宁夏硅铁利润81350宁夏锰硅利润-29653634889利润内蒙硅铁利润72950内蒙锰硅利润-3385364889硅铁230580万-03万锰硅2305179万22万持仓情况硅铁230110万-06万锰硅230103万-01万主要图表图1硅铁现货价格元吨图2硅锰现货价格元吨宁夏硅铁内蒙硅铁宁夏硅锰内蒙硅锰190001500017000130001500013000110001100090009000700070005000500030003000202021202091202111202131202151202171202221202241202261202281202011202031202041202051202061202071202081202121202141202161202181202191202211202231202251202271202291202041202061202081202191202211202231202251202271202011202021202031202051202071202091202111202121202131202141202151202161202171202181202221202241202261202281202291202011120221012022121202010120201212021101202111120211212022111202010120211112020111202012120211012021121202210120221112022121图3硅铁现货利润元吨图4硅锰现货利润元吨宁夏虚拟利润内蒙虚拟利润内蒙虚拟利润宁夏虚拟利润140001500120001000100005008000600004000-5002000-10000-2000201913202013202113202213图5硅铁05合约基差图6硅铁01合约基差SF2001基差SF2101基差SF2201基差SF2301基差SF2005基差SF2005基差SF2105基差SF2205基差50007000600040005000300040002000300010002000010000-1000-1000-2000-2000116216316416516616716816916101611161216516616716816916101611161216116216316416图7硅锰05合约基差图8硅锰01合约基差SM2005基差SM2105基差SM2205基差SM2305基差SM2001基差SM2101基差SM2201基差SM2301基差40003000250030002000150020001000100050000-500-1000-1000516616716816916101611161216116216316416116216316416516616716816916101611161216图9硅铁1-5价差图10硅铁5-9价差SF2001-SF2005SF2101-SF2105SF2201-SF2205SF2301-SF2305SF2005-SF2009SF2105-SF2109SF2205-SF2209SF2305-SF230925003500200030001500250010002000500150001000-500500-10000-1500-500-2000-10009161016111612161162163164165206962971988828917107102711161261226115图11硅锰1-5价差图12硅锰5-9价差SM2001-SM2005SM2101-SM2105SM2201-SM2205SM2301-SM2305SM2005-SM2009SM2105-SM2109SM2205-SM2209SM2305-SM23092000150015001000100050050000-500-500-1000-10005206962971988828917107102711161261226115918101811181218118218318418免责声明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