SMM

February 17-21, 2025, This week, the average cost in the APT industry was 215,181 yuan/mt, the average profit was -2,981 yuan/mt, and the average profit margin was -1.40%. Currently, as the market's resumption rate gradually increases, the expectation of supply growth is slightly stronger than that of demand recovery. However, purchasing demand on the consumption side remains limited, and downstream alloy purchasing demand is weak. Overall market trading activities are stagnant, with bearish sentiment on the demand side yet to shift, suppressing traders' sentiment and spot transaction trends.