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News
- Silver Ingot Imports Surged in February 2026 to a Multi-Year High, Reshaping the Market Supply-Demand Pattern
The latest customs data showed that in February 2026, China’s imports of unwrought silver ingots with a purity of no less than 99.99% reached 206.76 mt, up 499% MoM and surging 5,910% YoY to a multi-year high. The rare opening of the import window drove significant changes in the supply-demand pattern of the domestic silver ingot market.
Mar 25, 2026 17:51 - [SMM Nickel Sulphate Daily Review] March 25, Sluggish Market Transactions Keep Nickel Salt Prices Stable
On March 25, the SMM average price of battery-grade nickel sulphate remained stable.
Mar 25, 2026 13:05 - [SMM Analysis] Titanium Dioxide Prices Rise Amid Cost Pressures and Geopolitical Tensions
As of March 24, titanium dioxide prices continued to rise, with the SMM index up 4.6% since early 2026. Two rounds of price hikes were issued in March amid low inventories. Strong exports and production cuts supported gains, though sustainability post-peak season remains uncertain, hinging on downstream acceptance.
Mar 24, 2026 14:35 - [SMM Analysis] China's Magnesium Exports Surge in Jan-Feb 2026, Geopolitical Turmoil Threatens Q2 Outlook
Jan-Feb 2026 China magnesium exports reached 72.7kt, up 3.4kt YoY. Magnesium alloy led with +33.1% YoY, orders booked through April. Magnesium ingot fell 6.8% due to weak European demand, while powder grew 10.3%. However, US-Israel conflict disrupted Middle East aluminum plants, halting regional magnesium orders and pressuring Q2 outlook despite the strong start.
Mar 23, 2026 17:59 - China’s Brass Bar Imports Fell 9.94% YoY in January-February 2026
According to the latest customs data, in January 2026, China’s imports of copper-zinc alloy (brass) bars and rods were 2,050.01 mt in physical content, down 8.37% MoM and up 24.53% YoY. In February, China’s imports of copper-zinc alloy (brass) bars and rods were 1,344.87 mt in physical content, down 34.4% MoM and down 36.67% YoY, showing an overall sharp decline. Cumulative imports in January-February 2026 were 3,394.87, down 9.94% YoY cumulatively. (HS codes 74072111, 74072119, 74072190).
Mar 25, 2026 14:14 - [SMM Hot Topic] Weak Domestic Demand + Export Diversion Cool the “North-to-South Steel Flow”
As supply and demand for construction steel were not fully matched across different markets, regional supply-demand mismatches created price differentiation, which in turn drove the cross-regional circulation of steel resources. When the regional price spread gradient was appropriate, regions with surplus construction steel capacity and production often shipped excess resources out, thereby rebalancing construction steel resources across regions.
Mar 24, 2026 15:54
Announcements
SMM will launch two new price points for Indonesia 316L stainless steel, "Indonesia 316L/NO.1 Coil Mill Edge" and "Indonesia 316L/2B Coil Mill Edge," effective March 13, 2026.
PriceMar 11, 2026 18:14SMM has now officially launched the new SMM: Supply-Demand Balance of Nickel Matte: Monthly data point based on extensive market surveys.
DataMar 17, 2026 14:52In the recent years, the proportion of bauxite ore in Indonesia kept on increasing in the mineral sector. Following the export ban and downstreaming initiatives by the Indonesian government, the bauxite industry will be expected to grow steadily. The valuation and pricing mechanisms for Indonesia bauxite ore in the market are drawing close attention from participants across the supply chain. To proactively address the potential downstreaming market shifts and enhance market transparency, SMM has decided: Commencing November 7, 2025, SMM will officially launch one new price: Indonesian Bauxite (Al2O3: 47%, SiO2: 5%,delivered to destination port,Indonesia,$/wmt) Details of this price point are as follows: Description: Indonesian Bauxite (Al2O3: 47%, SiO2: 5%,delivered to destination port,Indonesia,$/wmt) Quality: Total alumina 47% total silica 5% Fe 14% min, 20% max moisture content 20% max titanium 2% max Quantity: Minimum 50000 wmt Definition: delivered to destination port Brand Listing: Antam, Cita Mineral Investindo Timing: 1-2 Months Unit: USD/wmt Payment Terms: L/C/TT at sight in USD , other payment terms normalized Publication: Weekly, Friday by 12:00 PM Jakarta Time
PriceNov 4, 2025 11:12