The SHFE 1811 contract jumped for two consecutive days and broke through 21,000 yuan/mt as of Wednesday Sep 19

Physical spot iron ore port stock offers were relatively stable today. Traders were unwilling to settle for lower prices, despite buyers looking to only top up existing inventory.

SMM Evening Comments

China produced 1.19 billion units of lithium-ion batteries in August, down 9.6% from a month ago

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Wednesday Sep 19, 2018

The average rate is likely to jump 5.8 percentage points from Aug to 81.4% in Sep

Most transactions were heard at 14,460-14,470 yuan/mt in Shanghai with discounts of 20-10 yuan/mt against the October contract

The province would kick off a round of probes over hazardous wastes businesses during Sep 18-30

Inventories across LME, SHFE and COMEX as of Friday Sep 14 stood 18.2% lower than the corresponding period last year