Iron ore DCE Futures market kept declining tendency, Physical iron ore port stock quotes eased a touch today.
SHFE nonferrous metals closed higher across the board on Tuesday
Expected lower demand after the last delivery day for long-term contracts on Jun 25 is likely to ease premiums tomorrow
Quote for dysprosium oxide remained unchanged at 2.05 million yuan/mt, up 71% for the year
SMM Morning Comments
The Tangshan government held a meeting on the theme of environmental protection last week.
SHFE nonferrous metals, except for lead, closed lower
SMM expects prices of rare earth oxides to hold steady for most of this week as the market awaits the conclusion of trade talks
Carmakers stood on the sidelines before the transition period for NEV subsidy ends this week on Jun 25
In Tianjin, relatively tight supplies boosted trade activities from last Friday, and kept spot sellers from lowering offers