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  Brief Analysis of Silicone Export Data in April 2025 [SMM Analysis]

  [SMM Analysis: Brief Analysis of Silicone Export Data in April 2025] In April 2025, China's exports of primary polysiloxane in silicone form reached 47,600 mt, down 9.07% MoM and up 4.16% YoY. From January to April 2025, the cumulative exports of primary polysiloxane in silicone form amounted to 182,300 mt, up 8.71% YoY. Among them, South Korea was the largest trading partner in April, with a trade volume of 9,500 mt, up 2.15% MoM from April, maintaining its position as the top trading partner.

• Brief Analysis of PV Glass Export Data in April 2025 [SMM Analysis]

  [SMM Analysis: Brief Analysis of PV Glass Export Data in April 2025] In April 2025, China's PV glass exports reached 319,900 mt, up 16.7% YoY and down 2.8% MoM. From January to April 2025, exports totaled 1.3232 million mt, up 10.1% YoY. Among these, India was the largest trade destination in April, with exports reaching 87,200 mt, down 5.93% MoM. In April, the overall module scheduled production overseas remained high, and China's glass export data showed promising results. However, it is expected that exports will decline in the future due to the weakening of the installation sector.

• Rare earth permanent magnets exports in April 2025 hit a record low in nearly five years! [SMM Analysis]

  [SMM Analysis: Rare Earth Permanent Magnets' Exports in April 2025 Hit a Five-Year Low] In April 2025, rare earth permanent magnets' exports reached 2,627 mt, down 51% MoM and 45% YoY, hitting a five-year low for rare earth permanent magnets.

• Alumina operating capacity rebounds, price rise channel blocked [SMM Aluminum Futures Brief Comment]

• US dollar posts biggest weekly decline in six weeks, metals generally rise, with LME copper and lead up over 1%, and New York gold up over 5% week-on-week [overnight market]