Iron ore futures continued to hold up well today, with the most-traded contract I2601 closing at 777 yuan, up 0.71% from the previous trading day. Traders maintained firm offers but showed moderate willingness to sell, while steel mills remained cautious in procurement with limited inquiries.

On August 31, 2025, Anhui Future Era's annual 10GWh semi-solid-state battery project commenced construction in Jinzhai, with a total investment of 2 billion yuan. The products will primarily be applied in small power, ESS, and low-altitude economy sectors.

SMM Steel September 2: According to SMM statistics, the estimated total shipments of mainstream market resources this week reached 240,100 mt, down 7.37% WoW. By market:  

Iron ore futures showed slight strength today, with the most-traded contract I2601 closing at 771.5, up 0.06% from the previous trading day. Traders sold at market prices, while steel mills purchased as needed, with inquiries declining from yesterday.

Zinc oxide, as an important inorganic chemical raw material, is widely used in rubber, electronics, pharmaceuticals, coatings, and other fields. In recent years, with the gradual expansion of downstream industry demand, the market size of zinc oxide has continued to grow. However, the industry also faces some common challenges: low-price competition is relatively prominent, and prices lack unified and transparent reference standards, which to some extent poses challenges to the operational decision-making of industry enterprises and the maintenance of market order.

According to the SMM survey, the impact from maintenance on construction steel increased during this period (8.3-9.5), as some blast furnace steel mills implemented rotational shutdowns of their rebar rolling lines due to production restrictions for the military parade. The impact from maintenance on construction steel reached 1.2374 million mt this period, up 18,300 mt MoM.