Silicon metal exports surged 35% MoM in March, still below the level of the same period last year [SMM Analysis]

Published: Apr 22, 2025 17:28

Save

According to customs data, in terms of exports, China's silicon metal exports in March 2025 reached 59,500 mt, up 35% MoM but down 7% YoY. From January to March 2025, the cumulative silicon metal exports totaled 156,200 mt, down 5% YoY. In terms of imports, China's silicon metal imports in March 2025 stood at 1,600 mt, down 5% MoM but up 23% YoY. From January to March 2025, the cumulative silicon metal imports amounted to 4,600 mt, down 26% YoY.

SMM, April 21: According to customs data, exports: In March 2025, silicon metal exports reached 59,500 mt, up 35% MoM but down 7% YoY. From January to March 2025, cumulative silicon metal exports totaled 156,200 mt, down 5% YoY. Imports: In March 2025, China's silicon metal imports were 1,600 mt, down 5% MoM but up 23% YoY. From January to March 2025, cumulative imports were 4,600 mt, down 26% YoY.

Exports: In March, exports were made to 55 countries or regions. The top 10 countries accounted for 50,300 mt (84.5%), with the top five countries accounting for 37,500 mt (62.9%). The top five export destinations were Japan (12,500 mt), India (7,400 mt), the Netherlands (6,800 mt), South Korea (5,800 mt), and Malaysia (4,900 mt). Imports: In March, imports came from 4 countries or regions, with France being the main source at 1,500 mt.

Exports in March increased significantly by 35% MoM, mainly due to smooth port warehouse operations and active trade market inquiries after the Chinese New Year holiday. In April, influenced by domestic silicon metal market conditions and export policies, overall exports are expected to be lower than the same period last year.

For more detailed market information and dynamics, or other information needs, please call 021-51666820.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Short-Term Raw Material Prices May Swing Wildly [SMM Steel Industry Chain Weekly Report]

This week, ferrous metals fluctuated downward, with raw materials declining significantly more than finished steel. Cost-side logic weakened further during the week. Mid-week, both the U.S. and Iran indicated they had entered the final stage of finalising negotiation details, causing overseas market crude oil to plunge and dragging down the coal sector. In the latter half of the week, rumors emerged that negotiations between China Mineral Resources and BHP would be announced next week, with iron ore leading the downward trend. On the finished steel side, inventories of the five major steel products continued to destock, maintaining a structure of both rising supply and demand. Spot market side, futures were weak, end-user purchasing enthusiasm was lukewarm, the spot-futures price spread widened somewhat, and some market arbitrageurs between spot and futures began to take profits...

3 hours ago

4 hours ago

MMi Daily Iron Ore Report (April 10)

4 hours ago

[SMM Coking Coal and Coke Daily Brief] 20260410

[SMM Coking Coal and Coke Daily Brief] News: Leading coke enterprises initiated a coke price increase of 50-55 yuan/mt, effective from 00:00 on April 13. In terms of supply, coke enterprises suffered relatively small losses, and production enthusiasm was moderate. Current coke supply remained stable. Combined with good shipments from coke enterprises, coke inventory continued to stay at low levels, with some coke enterprises holding back from selling. Demand side, steel mills maintained strong production enthusiasm, hot metal production increased again, and daily coke consumption rose. Additionally, affected by maintenance on some railway sections, coke deliveries were disrupted, and coke inventory at some steel mills declined slightly. In summary, some coke enterprises still held bullish expectations for the market outlook, and the coke market is expected to be generally stable with slight rise in the short term.

4 hours ago