Latest Update in the SMM Electrolyte Market

[SMM Ferrosilicon Futures Review: SiMn Struggles to Rise, Spot Price Remains Stable] The SM2509 contract opened at 5,816 yuan/mt. After the morning session, it experienced sideways movement and eventually closed at 5,778 yuan/mt, down 0.41%. The daily high was 5,826 yuan/mt, and the low was 5,760 yuan/mt. Trading volume reached 212,202 lots, with open interest at 397,001. The ore sector is currently operating steadily, while the cost support in the SiMn market has weakened, and SiMn plants currently have a weak willingness to offer quotes. Mainstream steel tenders have not yet been priced, and the market still maintains a wait-and-see sentiment, with many waiting for the pricing situation of mainstream steel tenders.

Overall, the products involved in Malaysia's anti-dumping case accounted for 2.87% of China's total exports of tin-plated (or coated) flat-rolled iron or non-alloy steel products, representing a relatively small share. The export destinations where anti-dumping products accounted for over 5% of the total exports included Italy, Mexico, UAE, Belgium, and the US. The current varieties of steel products subject to Malaysia's anti-dumping measures against China, as well as the specific progress of the case, are as follows...

[SMM Midday Review of Spot Aluminum: Destocking in East China Supports Spot Premiums, Downstream Purchases Aluminum as Needed Amid High Aluminum Prices] Inventory side, according to SMM's domestic aluminum ingot inventory data, the three-region inventory of domestic aluminum ingots stood at 457,500 mt on May 20, a decrease of 4,500 mt from the previous day. In the short term, with high aluminum prices and an increase in inventory arrivals, market transactions have weakened, and there is insufficient upward momentum for premiums. It is expected that premiums and discounts will fluctuate in the subsequent period.

[SMM Analysis: Have Sino-US Tariff Conflicts Eased? Can the Export Level of Galvanized Sheet Be Maintained in May?] According to the latest customs data, for galvanized sheet, exports in April 2025 reached 1.2901 million mt, with cumulative exports from January to April 2025 totaling 4.6775 million mt, representing a 14.84% YoY increase compared to 4.0732 million mt in the same period of 2025. Overall, the export performance of domestic galvanized sheet remained robust in April...

SMM Analysis:According to the latest customs data, in terms of galvanized sheet, China's exports of galvanized sheet in April 2025 reached 1.2901 million mt, with cumulative exports from January to April 2025 totaling 4.6775 million mt, representing a 14.84% increase YoY compared to the 4.0732 million mt exported in the same period of 2025. Overall, the export performance of domestic galvanized sheet in April remained robust.....