Iron ore prices may see a catch-up rally in the next few weeks as the fundamentals look strong in the short term, according to Ian Roper, general manager of SMM International.
SMM Evening Comments
price review forecast
Metals Market Index (MMi) is pleased to send you its Daily Iron Ore Index Report, containing today's index prices, together with full specification details for MMi's indices and additional market info
To crack down on ditiao steel, induction furnaces across Dainan town in Jiangsu province will shut permanently from May 24, the town's government announced on Tuesday May 22
Domestic shortages of secondary lead are likely to ease this week as smelters in Guizhou province resume operation
China invested 99.3 billion yuan in power grid projects in the first four months of this year, down 24.1% year on year, according to data from the China Electricity Council
Traded prices of high-grade nickel pig iron (NPI) ore, with 1.8% Ni imported from the Philippines, rose to $54/wmt cif as of Tuesday May 22
China’s social inventories of primary lead are likely to extend their declines as environmental probes in secondary lead production continue to weigh on output of secondary lead
Prices of ADC12 aluminium alloy exports to Japan dipped $20/mt to stand at $2,050-2,060/mt in the Jiangsu-Zhejiang-Shanghai area on Tuesday May 22
In China's spot zinc market on Tuesday May 22, traders lowered premiums with the highest offers flat from the previous day. Downstream buyers purchased on demand as supplies were adequate
Sales of new-energy passenger vehicles in China came in at 73,145 units in April, up 150% year on year and up 31.3% month on month, according to data from China Passenger Car Association.