China’s magnesium ingot output stood at 64,837 mt in March, down 2.6% MoM and 2.3% YoY.
P-type cell production reduced and polysilicon prices continued to fall
Yesterday, the mainstream prices of polysilicon N-type materials and dense polysilicon were 50-55 yuan/kg and 44-48 yuan/kg respectively.
In late March, with the arrival of the traditional peak season, the operating rate of aluminum downstream processing enterprises continued to rebound, boosting the performance of domestic aluminum social inventories.
The macro front was positive, boosting aluminum prices.
In March 2024, the existing domestic aluminium rod capacity was 7.412 million mt.