Bearish Market Sentiment, Iron Ore Prices Remain in the Doldrums [SMM Imported Ore Daily Brief]

[SMM Coking Coal and Coke Daily Brief] News: Leading coke enterprises initiated a coke price increase of 50-55 yuan/mt, effective from 00:00 on April 13. In terms of supply, coke enterprises suffered relatively small losses, and production enthusiasm was moderate. Current coke supply remained stable. Combined with good shipments from coke enterprises, coke inventory continued to stay at low levels, with some coke enterprises holding back from selling. Demand side, steel mills maintained strong production enthusiasm, hot metal production increased again, and daily coke consumption rose. Additionally, affected by maintenance on some railway sections, coke deliveries were disrupted, and coke inventory at some steel mills declined slightly. In summary, some coke enterprises still held bullish expectations for the market outlook, and the coke market is expected to be generally stable with slight rise in the short term.

[Domestic Iron Ore Brief] Domestic iron ore concentrates market prices showed mixed performance this week. In terms of regional performance, prices in Tangshan, Qian'an, and Qianxi in Hebei rose slightly by 1-5 yuan/mt; prices in Chaoyang, Beipiao, and Jianping in western Liaoning dropped by 10-15 yuan/mt; prices in east China remained relatively stable.