[ India Melaporkan Lonjakan 44% Ekspor Baja Canai untuk Juli 2026 ]

Today, the iron ore futures moved steadily today. The most-traded DCE I2609 contract closed at 720.5 yuan/mt, up 0.14% from the previous session. Spot prices at Qingdao Port fell by 0–2 yuan/mt from the previous trading day. Traders mostly priced based on market conditions, while steel mills mainly procured on a rigid demand basis, leaving total spot volumes relatively low so far.

[India] Domestic steel and scrap prices have edged up slightly on Wednesday but demand remains subdued and buying interest is still limited. Several primary steel producers are under maintenance, reducing mill buying and raw-material consumption. Ship-breaking Melting scrap prices in Alang edged up 2.10USD/tonne on Monday to 346USD/tonne ex-yard (33,000INR/tonne). In northern Mandi Gobindgarh, HMS 1&2 (80:20) up by at 1.05USD/tonne (100 INR/tonne) to 353USD/tonne del Mandi consumer (33,700 INR/tonne). Meanwhile, In Southern, HMS 1&2 (80:20) remained flat to 325 USD/tonne del Chennai consumer (31,000 INR/tonne). Chennai sponge iron PDRI up by 2.10USD/tonne to 275USD/tonne del Chennai consumer (26,250 INR/tonne). Chennai rebar prices edged up to 490USD/tonne ex-works (46,700 INR/tonne). Monsoon conditions and weak construction activity are likely to keep demand soft in the coming week. Prices are expected to remain stable to slightly soft with limited downside and no major correction expected in the near term.

Bank Rakyat Tiongkok mengumumkan bahwa, untuk lebih memenuhi kebutuhan likuiditas jangka pendek sistem perbankan, pihaknya akan melaksanakan operasi reverse repo overnight pada 14 Agustus serta dari 17 hingga 19 Agustus, menggunakan tender suku bunga tetap berbasis kuantitas, dengan volume operasi harian tidak melebihi 600 miliar yuan.