【SMM Analysis】As of this week, the weekly net profit of Pr-Nd alloy reached 36,812.4 yuan, with a net margin of 4.1%. Compared with last week, net profit increased 134%, setting a new profit high for the past nearly two years. The main reasons behind this were the decline in raw material costs and relatively high metal quotes.
Mar 20, 2026 19:10[Zinc Prices Fell During the Week, Guangdong Spot Premiums Rose] Guangdong premiums rose 20 yuan/mt WoW this week. As of this Friday, mainstream 0# zinc in Guangdong was quoted at discounts of 0 to premiums of 40 yuan/mt against the market, and the Shanghai-Guangdong price spread continued to widen......
Mar 20, 2026 15:22[Magnesium Prices Stuck in Dilemma: Geopolitical Tensions, Cost Support, and Demand Surge Clash with High Supply] Reviewing the recent magnesium market, magnesium prices repeatedly fluctuated within the 16,600-16,700 range, with a relatively slow pace.
Mar 20, 2026 15:56According to the latest release from the General Administration of Customs, SMM statistics showed that China’s SiMn exports were 2,539.52 mt in January 2026, down 50.55% MoM and down 31.84% YoY. China’s SiMn imports were 0 mt in January 2026, down 100% MoM and down 100% YoY. By import and export regional structure, SiMn exports were mainly destined for Indonesia.
Mar 20, 2026 18:32[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened lower with a gap at 22,350 yuan/mt, the intraday low. Subsequently, bulls added to open interest, and SHFE zinc fluctuated upward all the way, touching a high of 22,940 yuan/mt near the close and finally closing up at 22,860 yuan/mt, up 155 yuan/mt, or 0.68%. Trading volume fell to 93,582 lots, and open interest increased by 852 lots to 105,000 lots.
Mar 20, 2026 08:58[Consumption Expectations Were Gradually Realized, Operating Rates of Galvanising Producers Continued to Increase]: This week, the operating rate of the galvanizing industry was 59.7, up 6.69 percentage points WoW. Raw material side, zinc prices pulled back sharply this week, galvanising enterprises actively fixed prices to stockpile, and zinc ingot inventory at galvanising enterprises increased significantly.
Mar 20, 2026 16:24SMM launches the "SMM China Titanium Dioxide Price Index" to provide a transparent pricing reference and reflect market trends, effective from March 20, 2026.
PriceMar 19, 2026 11:59SMM will delist 14 price points for various steel types from specific mills effective April 1, 2026, due to prolonged stockouts. Clients should adjust their price usage to avoid business disruptions.
PriceMar 17, 2026 14:14Dear Client, To keep pace with the rapid development of the magnesium metal industry and the growing need for supply-demand pattern analysis, our company has deeply optimized the data model based on the SMM Magnesium Database and is now systematically upgrading and adjusting the data standards and historical data related to magnesium metal in China. The details are as follows: I. Data Standard Upgrades and Data Revision Notes Background of Adjustments With the rapid growth in demand for magnesium alloys in the downstream sector of magnesium metal, the market landscape is evolving rapidly. For instance, technological iterations in die-casting equipment, differences in the penetration rate of thick and thin magnesium alloy die-cast parts, and recycling rates, among other multidimensional factors, have a significant impact on the production of recycled magnesium. To promptly address the industry's need for supply-demand pattern analysis amid its rapid development, adjustments have been made to the data collection standards for "recycled magnesium production," "primary magnesium production," and "total magnesium metal demand," with historical data also being revised. Previous data collection did not account for the supply of recycled magnesium, which could lead to significant deviations in supply estimates. As the SMM Magnesium Database becomes increasingly comprehensive and detailed, a more robust model has been established. Adjustment Details - Data Source Upgrade: Upgraded from a single primary magnesium market supply and demand dataset to the establishment of a dual supply-demand model for magnesium metal, encompassing both primary and recycled sources. - Revision Scope: Historical data from January 1, 2023, to the present (including retrospective revisions and future forecasts). Effective Date From October 30, 2025 SMM Information & Technology Co., Ltd. SMM Magnesium Research Team Jiao Jiani 021-20707954 October 27, 2025
DataNov 4, 2025 16:36