Latest Update in the SMM Silicon Steel Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 22, 2024

Last week's nearly 1,000 yuan decline in aluminum prices effectively spurred downstream restocking activities.

This week, spot prices of lithium carbonate continued to rise.

In October 2024, China's export volume of silicone primary form polysiloxane was 43,000 mt, up 0.55% MoM and up 23.56% YoY.

In 2024, the price of LMO cathode active materials is expected to be influenced by fluctuations in lithium carbonate prices and the overall market supply and demand situation. Lithium carbonate remains a major component of LMO costs, so the price of LMO largely synchronizes with that of lithium carbonate......

In April 2024, with the continuous rise in ore prices, the cost support for high-purity manganese sulphate kept increasing. Coupled with some companies planning to halt production for maintenance, the market supply decreased accordingly. With limited inventory and existing demand, customers accepted the sentiment to stand firm on quotes from manganese salt plants, leading to a continuous rise in spot prices of high-purity manganese sulphate, followed by a high-level consolidation......

SMM, Nov 22: In October and November, spot silicon metal prices remained in a stagnant range after slightly increasing by 100-200 yuan/mt.

In Q3 2024, lead concentrate imports turned profitable, and the lead concentrate trade market gradually became active.