MMi Daily Iron Ore Report (May 23th)

Silicone oil prices remained stable this week. As of February 16, the prices of silicone oil stood at 19,500-20,000 yuan/mt.

DCE iron ore futures declined by 3.7% today, the main contract closed 793.5. The traders' willingness to ship is less.The steel mills are wait and see.

DCE iron ore futures rose by 1.32% today, the main contract closed 808.5. The traders' willingness to ship is general.The steel mills are active to purchase.

If the foreign trades fails to thrive in the future, then magnesium prices will decline further.

DCE iron ore futures rose by 0.06% today, the main contract closed 795.5. The traders' willingness to ship is more .The steel mills are active to purchase.

DCE iron ore futures rose by 2.21% today, the main contract closed 787.5. The traders' willingness to ship is more .The steel mills are more active to purchase.

DCE iron ore futures declined by 0.07% today, the main contract closed 766.5. The traders' willingness to ship is less .

DCE iron ore futures rose by 4.91% today, the main contract closed 662.5. The traders' willingness to ship is more.

SHANGHAI, Nov 8 (SMM) -The SMM spot price of domestic lithium carbonate (99.5% battery grade) rose by 2,000 yuan/mt to 556,000-575,000 yuan/mt November 8, and those of domestic lithium hydroxide (56.5% battery-grade,coarse particles) also rose 2,000 yuan/mt to 549,000-567,000 yuan/mt.

SMM offices will close from Wed May 1 to Sat May 4