Aluminum prices to move wildly due to volatile macro data and trade frictions
The macro sentiment was cautious in the week. According to preliminary estimates by the US government, the US GDP grew at an annual rate of 1.6%.
Downstream demand is unlikely to improve, polysilicon prices continue to fall
The mainstream transaction prices of P-type dense polysilicon stood at 40-46 yuan/kg last week, and 45-53 yuan/kg for N-type polysilicon. The price of polysilicon market continued to fall last week. The overall sentiment in the upstream market is currently poor.
Industrial silicon transactions are stable, photovoltaic market sentiment is still weak
Last Friday, the price of above-standard #553 silicon in east China was between 13,200 and 13,300 yuan/ton. There were fewer low-priced supplies in the market, silicon sellers offered firm prices, and the mainstream transaction prices in the silicon market were stable.
Glencore’s aluminium purchase from Rusal valued at $1.06 billion in 2023
On Friday, April 26, Rusal said in its annual report that Glencore, a Swiss multinational commodity trading and mining company, bought aluminium from the Russian producer worth $1.06 billion in 2023 as part of a long-term contract.
The New Lithium-ion Battery Recycling Project Has Begun in Tianjin City
The new lithium-ion battery recycling project has begun in Tianjin City.