India to Accept Trades in Rupees

This is a roundup of global macroeconomic news last night and what is expected today.

On March 29, China Economic Information Service and Zhejiang Seaport Group officially released the Xinhua·Ningbo Zhoushan Port Iron Ore Price Index. According to the index, the estimated value of iron ore has moved upwards recently.

Safe-haven assets rallied as hedge funds betting on bearish yen ended up being wrong.

The spot prices in Shanghai were stable last week.

SHANGHAI, Mar 27 (SMM) – Price review: The SMM weighted alumina index stood at 2,936 yuan/mt as of last Friday, flat from a week ago.

In China's domestic spot market, sellers will be keen to liquidate stocks at the end of the month and the quarter, weighing on spot quotes.

On February 7, Keheng Co., Ltd. announced that it agreed Zhuhai Gree Financial Investment Management Co., Ltd. to acquire all the shares issued by Keheng Co., Ltd. to specific targets at an average price of no more than 9.27 yuan per share and a total investment of no more than 600 million yuan.

Recently, the People's Bank of China and the Central Bank of Brazil signed a memorandum of cooperation on the establishment of RMB clearing arrangements in Brazil.

SHANGHAI, Feb 8 (SMM) – SMM ADC 12 secondary aluminium alloy was offered between 19,650-19,850 yuan/mt today January 8, with the average price at 19,750 yuan/mt, flat from yesterday.

With the advancement of the dual carbon target, the development of the energy storage industry will also greatly stimulate the demand for lithium-ion batteries.