China’s magnesium processing materials export data in January 2024
China exported 371 tons of magnesium processing materials in January 2024, a month-on-month increase of 3.63%, a year-on-year increase of 113.22%, and the cumulative exports increased by 113.22% year-on-year.
China’s magnesium scrap export data in January 2024
In January 2024, China's shredded magnesium scrap exports were 623 tons, a month-on-month decrease of 5.41%, a year-on-year decrease of 26.36%, and the cumulative exports decreased by 26.36% year-on-year.
Data: SHFE, DCE market movement (Mar 28)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Mar 28, 2024
More glass furnaces commenced, polysilicon prices to fall
Polysilicon: The mainstream prices of recharging polysilicon and dense polysilicon were 56-63 yuan/kg and 53-60 yuan/kg respectively yesterday. Expected prices continue to fall, while traded prices were stable.
According to customs data, the cumulative exports of aluminum wire and cables from January to February 2024 were 37,500 tons, of which the total export volume in January was 22,500 tons, a month-on-month increase of 32.58%, and a year-on-year increase of 48.61%; exports in February was 15,000 tons, down 33% month-on-month and up 26.52% year-on-year.