SMM ADC12 Secondary Aluminium Alloy Prices on March 30, 2023

DCE iron ore futures declined by 1.39% today, the main contract closed 675.5. The traders' willingness to ship is general .The steel mills are purchase on demand.

DCE iron ore futures declined by 4.11% today, the main contract closed 606.5. The traders' willingness to ship is less. The steel mills are purchase on demand.

DCE iron ore futures rose by 2.21% today, the main contract closed 739.5.More transactions in the market.PBF at Shandong port dealt 763-768 yuan/mt, increase 3-13yuan/mt;

It still remains to be seen whether the downstream demand for steel will reach its peak. But the current profits of steel mills are acceptable, which boosts the enthusiasm of steel mills to produce and also their demand for iron ore.

DCE iron ore futures fall today, the main contract 2301 closed 707.5. an decrease of 2.88% throughout the day; some traders were negative to sell, steel mills purchased on demand.

Huayou Cobalt issued an announcement on investment that the company plans to jointly build Huashan Nickel-Cobalt with an annual output of 120,000 mt of Ni content and nickel-cobalt hydroxide hydrometallurgy project with Glaucous through its wholly-owned subsidiary Huatuo International Development Pte. Ltd.

LME lead opened at $2,056/mt and rose by 2.34% to $2,098/mt overnight, after hitting the lowest point of $2,042/mt and the highest point of $2,099.5/mt. During the Asian trading hours, affected by the SHFE lead, LME lead fluctuated between $2,050-2070/mt while in the European trading hours,  LME lead hit one-month low amid the increase of US dollar and then rose up due to the increase of SHFE lead. The most traded SHFE 2207 lead contract opened at 14,960 yuan/mt overnight and rose up to 15,195 yuan/mt as the lead ingot warrant inventories declined by 8,000 mt, and finally closed at 15,180 yuan/mt, up 1.71%. The open interest decreased by 5,454 lots from the previous trading day to 44,274 lots.

Technology analyst company CCS Insight said in its latest global market forecast report that 5G mobile technology users will exceed 1 billion in 2022.

Manganese ore import prices differed significantly in May. The monthly average price of Australia lump remained at 62 yuan/mtu, flat MoM.

For the highly concerned crude steel production cuts in Jiangsu, a reporter learned from industry sources, that relative noticed did have been released in Jiangsu.