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  Secondary copper rod enterprises prepared for stockpiling before the long holiday, standing firm on quotes to purchase secondary copper raw materials. [SMM Secondary Copper Daily Review]

• On April 22, Guidance Prices for Various Series of Domestic Large Stainless Steel Mills [SMM Steel Mill Guidance Prices]

  【SMM Steel Mill Guidance Price】On April 22, the guidance prices for various series of domestic large stainless steel mills partially declined.

• SMM Coal and Coke Daily Briefing: April 22, 2025

  【SMM Daily Review of Coal and Coke】 In terms of supply, coke enterprises still have profits, with good production enthusiasm, stable coke supply, and smooth shipments, keeping coke inventory at a low level. Demand side, pig iron production in steel mills remains high, creating a rigid demand for coke, but pig iron production is expected to peak, with most steel mills maintaining purchasing as needed. In summary, coke enterprises maintain a high level of operation, and the support from pig iron in downstream steel mills remains, with no significant imbalance in coke supply and demand. The coke market is expected to remain stable in the short term.

• The market largely adopted a wait-and-see attitude, and the EMM market continued to hold up well. [SMM EMM Daily Review]

  SMM EMM Daily Review: Market Maintains Cautious Stance, EMM Prices Hold Up Well. The average spot price of EMM in major production areas ranged from 13,350 to 13,550 yuan/mt, flat MoM. The average FOB price stood at $1,870-1,900/mt, also flat MoM. Supply side, EMM plants maintained firm offers with weak willingness to sell at lower prices. Demand side, downstream steel mills showed low acceptance of EMM plant offers, resulting in sluggish spot order transactions.

• China's Rare Earth Metal Ore Imports and Exports by Country in March 2025