Steel Scrap Prices Rise on Mar 13

Silicone supply will shrink greatly with more companies carrying out maintenance.

Silicone oil prices dropped slightly this week on weak downstream demand.

The mainstream transaction prices of monocrystalline silicon wafer M10 and G12 stood at 6.36 yuan/piece and 8.18 yuan/piece respectively as of March 30.

On March 30, the traded price of quasi-first grade metallurgical coke (coke dry quenching) in Lvliang city, Shanxi province, was 2,890 yuan/mt.

On the supply side, pure nickel prices rebounded.

SHANGHAI, Mar 8 (SMM) - The most-traded SHFE 2304 aluminium contract opened at 18,530 yuan/mt overnight before closing at 18,475 yuan/mt, down 195 yuan/mt or 0.89%.

Overnight, LME lead opened at $2,111/mt, and plummeted to the lowest point at $2,072.mt due to the unexpected hawkish remark from Powell, and finally closed at $2,086.5/mt, a decrease of 0.9%.

SHANGHAI, Mar 7 (SMM) - In February, the capacity utilisation rates of mines in Hebei showed an upward trend.

As far as the global lithium market is concerned, the increase in the world's known reserves could further depress the price of the metal, which of course ultimately depends on Iran's ability to produce and export lithium, which, unlike other minerals, is expensive and difficult to extract.

According to SMM research, a cold-rolled coil factory in south China started a one-week production suspension for maintenance today.