Overseas Purchasing Enthusiasm Increased, SiMn Exports Rose in March [SMM Analysis]

Published: Apr 21, 2025 17:45

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【SMM Analysis: Increased Overseas Purchase Activity Drives SiMn Exports Growth in March】According to the latest data released by the General Administration of Customs, SMM statistics show that China's SiMn exports in March 2025 reached 906.94 mt, up 196.14% MoM. The cumulative exports from January to March totaled 4,900 mt, down 35.21% YoY. In March 2025, China's SiMn imports were 1,468.41 mt, down 22.45% MoM. The cumulative imports from January to March amounted to 5,700 mt, up 32.02% YoY. The increase in exports in March was driven by enhanced purchasing activity from overseas steel mills, leading to an overall MoM increase in SiMn exports. Based on import and export data, the majority of SiMn exports were destined for Thailand, while the primary source of imports was Kazakhstan.

SMM April 21: According to the latest data released by the General Administration of Customs, SMM statistics show that China's SiMn exports in March 2025 were 906.94 mt, up 196.14% MoM. The cumulative exports from January to March were 4,900 mt, down 35.21% YoY. China's SiMn imports in March 2025 were 1,468.41 mt, down 22.45% MoM. The cumulative imports from January to March were 5,700 mt, up 32.02% YoY. The increase in exports in March was due to the enhanced purchasing enthusiasm of overseas steel mills for SiMn, leading to an overall increase in SiMn exports MoM. Based on the import and export data, the main export volume of SiMn came from Thailand, while the main import volume came from Kazakhstan. Click to view SMM historical spot metal prices.

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