MMi Daily Iron Ore Report (May 16th)

DCE iron ore futures market falling trends,and start to rebounded in the afternoon. the main contract closed 853.5 by 0.89%. some traders were negative to sell, Some steel mills tended to be wait-and-see, and purchasing enthusiasm is not high.

There will not be solid macro data this week. The one-year inflation expectations in the United States and the annualised CPI in China in January are due this week. The public speeches of Federal Reserve Chairman Powell and voting commission after the interest rate meeting will be the focus of markets.

On the evening of January 31, LB Group announced that from February 1, 2023, all specifications of titanium dioxide of the company (including sulphuric acid process titanium dioxide, titanium dioxide by chlorination method) would be raised by 1,000 yuan/mt for various domestic customers and $150/mt for international customers from the original prices.

SHANGHAI, Jun 17 (SMM) - Due to less attention and investment in recent years, as well as a different technical approach than NMC battery recycling, the recycling volume of scrap LFP batteries is not as high as that of NMC batteries.

DCE iron ore futures continued to fluctuate by 0.18% in a day. the main contract closed 818. The spot quotation in the morning almost kept steady.

SHANGHAI, May 16 (SMM) - The prices of lithium hydroxide inched lower last week.

SHANGHAI, May 16 (SMM) - On the macro front, the US CPI in April increased by 8.3% year-on-year, still at a 40-year high.

SHANGHAI, May 16 (SMM) - Power costs of aluminium smelters in Yunnan declined slightly after the province entered the rainy season.

DCE iron ore futures rose largely by 5.32% today. the main contract closed 821. the quotation in the morning was increased by 20-40 yuan/mt over yesterday.

SHANGHAI, May 9 (SMM) - Prices of low-sulphur petroleum coke rose 50-100 yuan/mt after the Labour Day holiday, while those of medium and high-sulphur petroleum coke were mixed, with a change of 30-250 yuan/mt.