Stainless steel inventory fell slowly amid sluggish supply and demand [SMM analysis]
As of April 25, the social inventory of stainless steel totalled 914,700 mt, down 0.94% WoW.
Data: SHFE, DCE market movement (Apr 26)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Apr 26, 2024
Polysilicon prices extend declines, inventory pressure is mounting
The mainstream traded prices of P-type dense polysilicon were 40-46 yuan/kg this week, and N-type polysilicon at 45-53 yuan/kg.
NCM cathode demand may decline in May
Early in the week, falling cobalt and lithium prices dragged down NCM cathode prices.
No major adjustments have been made to LFP pricing
LFP prices were between 42,950-44,180 yuan/mt in the week ending April 25, with the average price down 25 yuan/mt to 43,600 yuan/mt.