MMi Daily Iron Ore Report (October 12rd)

SMM Battery Grade Nickel Sulphate Price Index as of September 1, 2022: 38,098 yuan/mt, +41 yuan/mt, MTD 38,098 yuan/mt. SMM MHP Coefficient as of September 1, 2022: 72-74%, +0.5%, MTD 73%.

DCE iron ore was was shocked and keep downaward all the day.The main contract closed at 685,decreased of 1.72%. Traders are generally motivated to ship.

SHANGHAI, Jul 25 (SMM) - On July 22, the quotations of high carbon ferrochrome in Inner Mongolia were 8,300-8,600 yuan/mt (Cr 50%), down 200 yuan/mt (Cr 50%) from the previous trading day.

SHANGHAI, Jul 25 (SMM) - As of last Friday, the SMM SiMn alloy 65/17 prices stood at 7,300-7,400 yuan/mt in cash in north China, down 375 yuan/mt from a week ago.

DCE iron ore was was shocked and keep upward all the day.The main contract closed at 681,increased of 3.57%.

#0 zinc in Guangdong was traded at 22650-22930 yuan/mt, and quoted with premiums of 560-620 yuan/mt over the SHFE 2209 zinc contract.

SHANGHAI, Jul 18 (SMM) – In terms of costs, alumina prices were largely stable, while the power costs of smelters with captive power plants rose as coal supply tightened during the summer peak of electricity consumption.

It is worth mentioning that the well-known domestic mining giant Ganfeng Lithium also indirectly holds a 50% stake in the mine. And stimulated by the above-mentioned news, intraday Ganfeng Lithium stock soared after opening, and once recorded a gain of more than 9%, close to the daily limit up.

SHANGHAI, May 20 (SMM) - According to SMM survey, the price of lithium cobalt oxide (LCO) has been slowly declining recently.

SHANGHAI, Apr 22 (SMM) - As of last Friday, the SMM weighted alumina index stood at 3,010 yuan/mt, up 16 yuan/mt from a week ago.