[SMM Analysis]This week, as the decline in aluminum prices outpaced that of ADC12, the inversion between the two narrowed compared to last week (WoW). In the short term, aluminum prices are expected to continue in a doldrums pattern. Supported by aluminum scrap costs, the price spread between the two is anticipated to narrow again. However, given weak demand and high social inventory levels, the upside room for ADC12 prices is also limited. It is expected that in the short term, secondary aluminum alloy prices will maintain a fluctuating rangebound pattern.
MMi Daily Iron Ore Report (July 17)
Today, DCE iron ore futures continued to rally, with the most-traded contract I2509 closing at 785.5, up 1.81% for the day. Traders were highly motivated to sell, and speculative trading also increased. Steel mills purchased as needed, showing good purchase willingness.
SemiDrive, Richtek co-launch SD210 cockpit reference design
SemiDrive and Richtek co-launch SD210 cockpit reference design
Weekly social inventory of silicon metal continued to decline on a WoW basis [SMM Silicon Inventory]
[SMM: Silicon Metal Weekly Social Inventory Continues to Decline WoW] SMM reported that the total social inventory of silicon metal in major regions was 547,000 mt as of July 17, a decrease of 4,000 mt WoW.