SMM Evening Comments
Price Review & Forecast
The week closed with several highs and lows as demand for high grade port stock material drove the IOPI62 several percentage points higher.
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Friday Jun 22, 2018
PT Indonesia Tsingshan Stainless Steel commissioned a 1 million mt stainless steel project on Wednesday June 20
Iron ore inventories across 35 major ports fell over the week ended June 22 as arrivals continued to shrink from the start of June
A roundup of global macroeconomic news last night and what is expected today
Supported by a relatively stable DCE futures market, today's spot iron ore port stock indices saw little price activity.
06:08PM Jun 21, 2018
05:59PM Jun 21, 2018
Steel mills in Zhangjiagang would slightly cut production during June 20-25.
04:46PM Jun 21, 2018
A differentiated policy will exempt leading firms, designated as an environmental "forerunner", from production cuts
04:44PM Jun 21, 2018
SMM Evening Comments (Jun 22)
MMi Daily Iron Ore Report (Jun 22)
Data: SHFE, DCE market movement (Jun 22)
Nickel prices likely to rise as Indonesia Tsingshan commissions project
Iron ore port inventory falls for three consecutive weeks
Macro Roundup (Jun 22)
MMi Daily Iron Ore Report (Jun 21)
SMM Evening Comments (Jun 21)
Steel mills in Zhangjiagang to cut some production this week
Some Hebei firms to be exempt from cuts, suspensions