WISCO Xiangyang Heavy Equipment Solicits Bid For Ferromolybdenum Today

SMM SiMn industry data

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DCE iron ore futures rose by 3.54% today, the main contract closed at 849.The traders' willingness to ship is high.The steel mills are active to purchase.

SMM zinc industry data

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LME lead prices inched down and finally closed at $2103.5/mt in overnight trading, down $25.5/mt, or 1.2%. The contract fell for three consecutive days.

Overnight, SHFE 2309 tin contract price shook and fell sharply at the opening.

LME zinc prices closed down $47/mt or 1.96% at $2,351/mt yesterday evening. The trading volume increased to 9,767 lots, and open interest increased 501 lots to 209,000 lots.  LME zinc inventories increased by 375 mt to 92,175 mt, an increase of 0.41%. Overnight, the Fed's hawkish remarks bolstered the US dollar and that put pressure on LME zinc prices.

According to SMM survey, social lead ingot inventory across five major regions in China totalled 50,800 mt as of July 31, up 5,200 mt from July 28 and 9,100 mt from July 24, the highest in four months.