17日双硅高开低走，日内震荡，收盘均有不同程度的上涨。成本端来看，冶金焦价格持稳、电价持稳，天津港锰矿报价持稳，硅铁硅锰成本基本持稳，现货报价无变动利润区间不变。整体供给端双硅均有增量，需求量下滑势头减弱，库存量略微去库，厂家以交割前期订单为主，基本面持续走弱。目前黑色系情绪波动带动整体上行，也受到铁矿石价格波动影响，存在回调趋势，春节前后这段时间有垒库需求，仓单增多，中期建议轻仓操作，双硅以高空为主。

研究报告全文：铁合金数据日报2023118品种日内观点17日双硅高开低走日内震荡收盘均有不同程度的上涨成本端来看冶金焦价格持稳电价持稳硅铁天津港锰矿报价持稳硅铁硅锰成本基本持稳现货报价无变动利润区间不变整体供给端双硅均有增量需求量下滑势头减弱库存量略微去库厂家以交割前期订单为主基本面持续走弱目前黑色系情绪波动带动整体上行也受到铁矿石价格波动影响存在回调趋势春节前后这段时间有垒库需求硅锰仓单增多中期建议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80000硅铁2305结算价8526154内蒙硅铁现价80000硅铁2301结算价8250-430期现货市场宁夏锰硅现价73000锰硅2305结算价7752164内蒙锰硅现价73500锰硅2301结算价7620-40硅铁2305基差-526-154硅铁1-5价差-276-584硅铁2301基差-250430硅铁5-9价差868基差及价差锰硅2305基差-402-164锰硅1-5价差-132-204锰硅2301基差-27040锰硅5-9价差10426宁夏硅铁利润82650宁夏锰硅利润-3325350利润内蒙硅铁利润74250内蒙锰硅利润-3245350硅铁230598万09万锰硅2305215万37万持仓情况硅铁230100万00万锰硅230100万00万主要图表图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190001500017000130001500013000110001100090009000700070005000500030003000202031202041202151202161202271202281202291202311202011202021202051202061202071202081202091202111202121202131202141202171202181202191202211202221202231202241202251202261202011202021202051202061202111202121202171202181202191202231202241202031202041202071202081202091202131202141202151202161202211202221202251202261202271202281202291202311202110120211112022121202010120201112020121202112120221012022111202012120221012022111202010120201112021101202111120211212022121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140001500120001000100005008000600004000-5002000-10000-2000201913202013202113202213202313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50007000600040005000300040002000300010002000010000-1000-1000-2000-2000116216316416516616716816916101611161216116516616716816916101611161216116216316416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40003000250030002000150020001000100050000-500-1000-1000516616716816916101611161216116216316416116216316416516616716816916101611161216116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