Today, iron ore prices shifted from weak to strong, with the main contract I2605 closing at 769, up 1.85% from the previous trading day.

As of Wednesday, SiMn 6517 (cash) in north China was at 5,550-5,650 yuan/mt, flat WoW; in south China, SiMn 6517 (cash) was at 5,600-5,650 yuan/mt, flat WoW. The SiMn market remained in the doldrums recently.

[Market Awaits US Fed Interest Rate Cut Decision, SHFE Zinc Expected to Fluctuate Overnight]: The most-traded SHFE zinc 2601 contract opened at 23,005 yuan/mt. At the beginning of the session, bears reduced their positions, and SHFE zinc fluctuated upward, rising above the daily average line, with the price center moving higher. It finally closed up at 23,075 yuan/mt, up 5 yuan/mt, a gain of 0.02%. Trading volume fell to 118,000 lots, while open interest increased by 8,075 lots to 931.79 million lots.

[ SMM Chrome Daily Review: Ferrochrome Prices Remain Stable, Chrome Ore Shows Strong Price Support Intentions ] December 10, 2025: Today, the ex-factory price of high-carbon ferrochrome in the Inner Mongolia region was 7,950-8,100 yuan/mt (50% metal content), flat MoM from the previous trading day...

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning May Remain in the Doldrums] Iron ore concentrate prices in west Liaoning are relatively stable, with ex-factory prices for Fe66% iron ore concentrates on a wet basis, excluding tax, at 750-760 yuan/mt; currently, resources at mines and beneficiation plants remain relatively tight, providing some support to local iron ore concentrate prices; the National Security Administration is scheduled to conduct an inspection in the area recently.

[Daily Coal & Coke Market Review] On the news front, some steel mills initiated the second round of coke price cuts, with wet-quenched coke reduced by 50 yuan/mt and dry-quenched coke by 55 yuan/mt, effective from 00:00 on December 12, 2025. In terms of supply, multiple regions issued heavy pollution alerts, impacting coke production and transportation, forcing some coke producers to cut production. Coke output is expected to decline, easing the oversupply situation. Demand side, finished steel prices fluctuated downward, blast furnace maintenance plans increased, and daily average hot metal production still has downside room. Coke’s rigid demand weakened, coupled with sluggish end-use demand, leading steel mills to prioritize just-in-time procurement. Overall, the second round of coke price cuts has emerged, market confidence is lacking, and the coke market may remain in the doldrums in the short term.