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

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.

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