MMi Daily Iron Ore Report (March 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 30 Mar , 2026

To prevent and defuse local debt risks, local governments have accelerated this year’s hidden debt swap program. According to Enterprise Early Warning data, as of March 30 this year, local governments had issued about 96 billion yuan of special refinancing bonds for swapping hidden debt, accounting for nearly half of this year’s planned issuance scale (200 billion yuan).

According to China Weather Network, the National Meteorological Center continued to issue a yellow alert for severe convective weather at 6:00 on March 30: From 8:00 on March 30 to 8:00 on March 31, parts of eastern south-west China, the central and eastern parts of Jiangnan, and South China will experience thunderstorm gales above force 8 or hail. Among them, parts of southeastern Hunan, southern Jiangxi, central and eastern Guizhou, central and northwestern Guangdong, and other areas will experience thunderstorm gales above force 10, with maximum wind speeds reaching above force 11, and the possibility of tornadoes cannot be ruled out in some localities.