Data: SHFE, DCE market movement (Mar 29)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Mar 29, 2024
Silicon metal prices remain bearish
Silicon metal prices continued to fall this week.
What were reasons behind the falling prices of silicone products?
DMC prices in the online shopping mall of Shandong-based plants opened at 15,500 yuan/mt this week, down 300 yuan/mt WoW. Offers from leading DMC plants were 15,200 yuan/mt this week, down 1,300 yuan/mt, while those from other plants were 15,300 yuan/mt. Mainstream transaction prices dipped by 400 yuan/mt WoW.
Aluminum billets conversion margins rebounded due to expanding spot discounts of aluminum prices
The performance of aluminum billets outflow from warehouses was moderate as high aluminum prices supressed downstream demand.
Aluminium ingot inventory dropped at the end of March
In late March, with the arrival of the traditional peak season, the operating rate of aluminum downstream processing enterprises continued to rebound, boosting the performance of domestic aluminum social inventories.