Purchase expectations remain strong during peak season, with SiMn exports increasing in April [SMM Analysis]

[SMM Analysis: Peak Season Purchase Expectations Remain, SiMn Exports Increase in April] According to the latest data released by the General Administration of Customs, SMM statistics show that China's SiMn exports in April 2025 were 3,423.25 mt, up 277.45% MoM. The cumulative exports from January to April were 8,400 mt, down 46.67% YoY. China's SiMn imports in April 2025 were 426.32 mt, down 70.97% MoM. The cumulative imports from January to April were 4,300 mt, down 38.97% YoY. The reason for the increase in April exports is that during the peak season for regular purchases by overseas steel mills, their enthusiasm for SiMn procurement continued to rise, leading to a MoM increase in SiMn ferroalloy exports. From the perspective of import and export data, the main source of SiMn exports is Kazakhstan, while the main source of imports is Indonesia.