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High-Nickel Pig Iron Prices Continue Downward Trend Amid Increased Supply and Weak Demand
This week, the average price of SMM 8-12% high-nickel pig iron is 950.1 RMB per nickel point (tax-included, ex-factory), which represents a decrease of 17.4 RMB per nickel point compared to the average price last week. The price of high-nickel pig iron continues its previous downward trend.
[SMM Rebar Daily Review] Merchants Operate Cautiously, Market Trading Activity Declines
[SMM Rebar Daily Review: Merchants Operate Cautiously, Market Trading Activity Declines] Today, rebar futures fluctuated downward, closing at 3,022, down 1.63% from the previous trading day. On the spot price side, the market sentiment was characterized by strong wait-and-see attitudes, and spot prices continued to decline. Prices in various regions fell by 10-30 yuan/mt, with overall market trading conditions remaining weak.
[Commentary on SMM Steel Import and Export Data] China's steel exports surged past 10 million mt again in April! Will May really witness a "Waterloo"? In April, China's total steel exports increased by 0.1% MoM. Although it still exceeded 10 million mt, the growth rate slowed down significantly. On April 9, US President Trump suddenly announced a 90-day suspension of new tariffs on over 70 countries and regions, excluding China, while only raising tariffs on China to a historic 125% (later corrected to 145%). Therefore, the increase in April was more pronounced during the 90-day exemption period for the US, with Chinese export enterprises "scrambling for re-exports". Additionally, there were market rumors at the time that starting from May 1, relevant tax payment certificates would be required for export customs declarations, and the phenomenon of domestic buyers rushing to export remained prominent, keeping the total export volume at a high level.
【SMM Analysis: Analysis of the Global and Domestic Tin Market's Supply-Demand Fundamentals in Q1 2025】Supply Side: Multiple Factors Exacerbate Shortages, Global Tin Ore Supply is Tight In Q1, global tin ore supply was impacted by multiple shocks, including geopolitical tensions and natural disasters: Wa Region, Myanmar: Due to the 7.9 magnitude earthquake that occurred on March 28, the risk of landslides in mining areas surged, and transportation routes were damaged. As the world's third-largest tin producer (accounting for 12%-15% of global supply), Wa Region's production resumption plans were forced to be postponed, and it is expected to resume normal production at the earliest by the end of Q2...
