![Secondary Aluminum Prices Were Expected to Face Downward Pressure and Pull Back in April[SMM Analysis]](https://imgqn.smm.cn/production/admin/votes/imageskkgTu20240508153005.png)
[SMM Analysis]Weak Supply-Demand Pattern; Secondary Aluminum Prices Were Expected to Come Under Pressure and Pull Back in April
Apr 3, 2026 21:37This week, ferrous metals were in the doldrums. The main logic during the week remained weakening cost support. On Tuesday, Iran proposed charging transit fees for the Strait of Hormuz, while Trump made conciliatory remarks, saying that “even if the Strait of Hormuz remained largely closed, he would still be willing to end military action against Iran.” Market expectations for tighter crude oil supply weakened, and declines in the energy sector dragged down the coal sector, weakening the cost-side logic. During the week, inventories of the five major steel products continued to decline, but apparent demand remained at a low level for the same period in previous years, providing limited fundamental-driven momentum to futures. In the spot market, purchasing interest was average, mainly focused on restocking at low prices. Spot prices were relatively firm, and the spot-futures price spread widened somewhat......
Apr 3, 2026 18:25[SMM Chrome Weekly Review: Weak Demand Performance, Market Remained in the Doldrums] News on April 3, 2026: The ferrochrome and chrome ore markets saw limited fluctuations...
Apr 3, 2026 16:56The gold price set a technical signal last week while providing fresh fuel for the debate over its future direction.
Apr 3, 2026 16:39This week, 304 stainless steel scrap off-cuts prices in east China held steady at 10,100-10,200 yuan/mt; prices for the same grade of stainless steel scrap off-cuts in Foshan dropped back slightly, with the price range at 9,700-10,000 yuan/mt. Raw material production cost side, the current cost of producing stainless steel entirely from stainless steel scrap was about 14,218.64 yuan/mt, while the production cost of using only high-grade NPI was 14,745.57 yuan/mt. This week, stainless steel scrap prices remained largely stable, mainly as supportive and constraining factors were intertwined, with no obvious one-way trend. Stainless steel finished product prices edged down under pressure from weaker SS futures, and market sentiment was somewhat disturbed, but this did not directly transmit to the stainless steel scrap market, where prices remained stable. Substitute furnace charge performed steadily, with both high-grade NPI and high-carbon ferrochrome prices largely stable this week and showing no obvious fluctuations in change, so their overall impact in driving stainless steel scrap prices was limited and failed to provide effective support or drag. Factors supporting the stable performance of stainless steel scrap prices were more prominent. The recent tightness in stainless steel scrap tax invoices eased somewhat, improving the market trading environment. Meanwhile, the economic advantage of stainless steel scrap over high-grade NPI remained in place. In addition, stainless steel mills' April production schedules stayed high, and steel mills increased their use of stainless steel scrap with economic advantages, lifting recent market trading activity, while previously accumulated inventory pressure also eased to some extent, providing strong support for stable prices. However, constraining factors also remained. Stainless steel finished product prices currently faced difficulty moving higher, and under this transmission effect, stainless steel scrap prices still faced some pressure to rise, making any obvious upward trend difficult to emerge. Overall, the stainless steel scrap market this week showed a pattern of "strong support, clear constraints, and stable prices." Supportive and constraining factors counterbalanced each other, and stainless steel scrap prices were expected to remain stable in the short term.
Apr 3, 2026 16:02[Traders Held Firm Offers, and Spot Premiums Continued to Rise]: Spot premiums in Shanghai kept rising this week, up 30 yuan/mt WoW in terms of the weekly average price. As of this Friday, ordinary domestic brands were quoted at a discount of 20 yuan/mt against the 2605 contract, while the high-priced brand Shuangyan was quoted at a premium of 40-50 yuan/mt against the 2605 contract..
Apr 3, 2026 16:01Dear User, Currently, India has gradually become an important global manufacturing and export base for PV modules. In actual trade, Indian made modules exhibit differentiated supply-demand relationships and price performances in the spot market due to the varying origins of the solar cells used. To facilitate upstream and downstream enterprises in the PV industry chain to better understand India's module export and local market conditions, grasp real-time international spot price dynamics, and convey more comprehensive and diverse price information to the market, thereby reducing transaction risks and costs in overseas trade, SMM, after a period of consolidation and market surveys, plans to officially add the 'TOPCon Module-Indian Made(with domestic solar cells)' and 'TOPCon Module-Indian Made(without domestic solar cells)' product prices as market trading references starting from January 23, 2026. The published prices are all ex-work prices for these modules in India, with specific specifications and descriptions as follows: Price Point Names: TOPCon Module-Indian Made(with domestic solar cells) TOPCon Module-Indian Made(without domestic solar cells) Price Description: Price Type: Indian ex-work price (EXW) Tax Rate Standard: Tax-excluded Definition: Indian ex-work price With Domestic Solar Cells: Refers to modules manufactured in India, with the solar cells used also produced locally in India. Without Domestic Solar Cells: Refers to modules manufactured in India, but the solar cells are imported from overseas (not produced locally in India). Unit: $/W Major Brands: Waaree Technologies Ltd, Adani Group, Vikram Solar Limited, Tata Power Company Ltd, Goldi Solar Pvt Ltd, etc. Minimum Trading Volume: 10 MW Delivery Period: Within 3 months Release Time: Every Friday at 11:00 AM Beijing Time Payment Terms: Cash, and other payment methods standardized as cash SMM PV Research Team January 13, 2026
PriceJan 13, 2026 09:29Dear Useres, With the rapid development and continuous technological iterations in the solid-state battery industry, solid-state batteries have garnered increasing attention. As an indispensable key raw material for solid-state batteries, the market demand for sulfide electrolytes is also surging simultaneously. The sulfide route is considered the most advanced path for solid-state batteries, and sulfide electrolytes are the most critical material within this route. Their quality significantly impacts key performance indicators of solid-state batteries, such as energy density and ion conduction rate. SMM is committed to supporting upstream and downstream enterprises in the solid-state battery industry chain, helping them gain comprehensive insights into the market dynamics of solid-state battery electrolytes. By providing real-time and accurate spot cargo market and price information, we assist enterprises in effectively reducing risks and costs in market transactions, enhancing their core competitiveness and market adaptability. Meanwhile, SMM actively deepens its research on the solid-state battery industry chain, striving to build a more transparent, fair, and efficient market environment for the industry through in-depth analysis and continuous improvement of the knowledge system. After a period of consolidation and market surveys, SMM plans to introduce new price points for sulfide electrolyte LPSC related to solid-state batteries starting December 12. The specific new price points are as follows: Sulfide Electrolyte LPSC ( Lithium Phosphorus Sulfur Chloride ) : Powder, D50 ≤ 3 μm Price Description: Transaction price (delivery-to-factory), inclusive of 13% VAT. SMM New Energy Research Team December 4, 2025 LPSC( Lithium Phosphorus Sulfur Chloride) Price is listed blow ,
PriceDec 15, 2025 10:25