Latest Update in the SMM Diaphragm Market

[SMM Commentary: Market Activity Remains Low, Stalemate Between Upstream and Downstream Continues, Tungsten Enterprises' Long-Term Contract Prices Remain Stable Overall] With Jiangxi Tungsten and Zhangyuan Tungsten also successively releasing their long-term contract prices for the second half of December, it can be observed that the long-term contract prices of many tungsten enterprises in this round are relatively "stable." Among them, the long-term contract prices of Jiangxi Tungsten and a large tungsten enterprise in Fujian remain unchanged from the previous round, while Chongyi Zhangyuan Tungsten has slightly lowered its long-term contract prices. Currently, the situation of tight upstream supply and no significant improvement in downstream demand remains unchanged, causing tungsten prices to "stalemate" amid the ongoing tug-of-war between upstream and downstream.

This week, rare earth product prices declined at a rapid pace.

[Daily Review of Aluminum Scrap: Aluminum Prices Rebound After Five Consecutive Declines, Price Difference Between Primary Metal and Scrap Slightly Widens]

[ADC12 Price Daily Review] After five consecutive declines in aluminum prices, aluminum prices bottomed out today. SMM A00 aluminum prices increased by 150 yuan/mt from yesterday to 19,830 yuan/mt, while secondary aluminum prices were adjusted upward steadily.

In November 2024, China's exports of magnesium scrap totaled 905 mt, up 30.78% MoM and up 400% YoY, with cumulative exports up 12.18% YoY.

In November 2024, China's magnesium product exports reached 255 mt, down 30.33% MoM and down 40.97% YoY, with cumulative exports up 32.02% YoY.

In November 2024, China's exports of magnesium processed materials reached 259 mt, up 9.28% MoM, down 26% YoY, with cumulative exports up 9.88% YoY.

In November 2024, China's magnesium alloy exports reached 6,189 mt, down 32.67% MoM and 23.23% YoY, with cumulative exports down 8.70% YoY.