10日双硅主力合约小幅下跌，现货成交较为活跃，宁夏硅锰再度下调50元/吨，内蒙地区硅锰下调50元/吨，天津港半碳酸回调0.1元/吨度，宁夏地区上周电价上调0.03元/吨后持稳，兰炭价格下跌90元/吨，氧化铁皮价格上涨，硅铁成本线下行，利润区间扩大，硅锰较为稳定。二月份招钢量公布，短期双硅边际需求较高，供应端虽有增量但无法覆盖，整体基本面略紧，但中期很快又会继续回归宽松局面。双硅盘面下方存在空间，整体随黑色波动可能性较大。操作上建议区间操作。
　　

研究报告全文：铁合金数据日报2023213品种日内观点10日双硅主力合约小幅下跌现货成交较为活跃宁夏硅锰再度下调50元吨内蒙地区硅锰下调50元硅铁吨天津港半碳酸回调01元吨度宁夏地区上周电价上调003元吨后持稳兰炭价格下跌90元吨氧化铁皮价格上涨硅铁成本线下行利润区间扩大硅锰较为稳定二月份招钢量公布短期双硅边际需求较高供应端虽有增量但无法覆盖整体基本面略紧但中期很快又会继续回归宽松局面双硅硅锰盘面下方存在空间整体随黑色波动可能性较大操作上建议区间操作产业链数据项目数据环比项目数据环比宁夏硅铁现价78000硅铁2305结算价8002-106内蒙硅铁现价80000硅铁2309结算价7908-112期现货市场宁夏锰硅现价7300-50锰硅2305结算价7448-108内蒙锰硅现价7350-50锰硅2309结算价7352-106硅铁2305基差-202106硅铁9-1价差3036硅铁2309基差-108112硅铁5-9价差946基差及价差锰硅2305基差-9858锰硅9-1价差-420锰硅2309基差-256锰硅5-9价差96-2宁夏硅铁利润478584宁夏锰硅利润-468424-575555利润内蒙硅铁利润846584内蒙锰硅利润-354424-75555硅铁2305181万17万锰硅2305174万09万持仓情况硅铁230907万01万锰硅230905万01万主要图表图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190001500017000130001500013000110001100090009000700070005000500030003000202051202061202091202151202181202271202281202321202011202021202031202041202071202081202111202121202131202141202161202171202191202211202221202231202241202251202261202291202311202011202031202091202161202171202181202221202241202251202311202021202041202051202061202071202081202111202121202131202141202151202191202211202231202261202271202281202291202321202012120221112020101202011120211012021111202112120221012022121202010120221112022121202011120201212021101202111120211212022101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09合约基差SF2009基差SF2109基差SF2209基差SF2309基差SF2005基差SF2005基差SF2105基差SF2205基差8000700060006000500040004000300020002000100000-1000-2000-2000516616716816916101611161216116216316416916101611161216116216316416516616716816图7硅锰05合约基差图8硅锰09合约基差SM2009基差SM2109基差SM2209基差SM2309基差SM2005基差SM2105基差SM2205基差SM2305基差4000400035003000300025002000200015001000100050000-500-1000-1000516616716816916101611161216116216316416916101611161216116216316416516616716816图9硅铁9-1价差图10硅铁5-9价差SF2005-SF2009SF2105-SF2109SF2205-SF2209SF2305-SF230925002000150010005000-500-1000-1500-2000916101611161216116216316416图11硅锰9-1价差图12硅锰5-9价差SM2009-SM2101SM2109-SM2201SM2209-SM2301SM2309-SM2401SM2005-SM2009SM2105-SM2109SM2205-SM2209SM2305-SM23095001500400300100020010050000-100-200-500-300-400-1000117217317417517617717817917918101811181218118218318418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