Domestic Zinc Concentrate TCs Remained Stable

SHANGHAI, May 22 (SMM) - The US macro front is full of uncertainties.

SHANGHAI, May 22 (SMM) - Co3O4 prices went up last week.

Shanghai nonferrous metals closed mixed in day trading.

Iron ore price changes across China last week: Tangshan city, Hebei province: up 5-10 yuan/mt in Qian'an city and Qianxi county; West Liaoning: up 15-20 yuan/mt in Chaoyang city, Beipiao city and Jianping county; East China: up 5-10 yuan/mt.

Shanghai nonferrous metals closed mostly with losses in day trading.

In May, the market players will still take a wait-and-see approach.

It is expected that in May, lithium carbonate prices will bounce back.

The average monthly price of battery-grade lithium carbonate was 192,895 yuan/mt in April, down 39% month-on-month, and the suppliers were reluctant to ship cargoes in late April amid the increasing speculative sentiment.

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

The price difference between high and medium-grade ore expanded last week, while that between medium and low-grade ore narrowed. At Qingdao port, the price difference between mainstream high-grade ore (IOCJ fines) and medium-grade ore (PB fines) widened 9 yuan/mt to 93 yuan/mt, while that between mainstream medium-grade ore (PB fines) and low-grade ore (super special fines or SSF) shrank 8 yuan/mt to 135 yuan/mt. Last week, the profits of steel mills expanded slightly, and the price difference between high-grade and medium-grade ores narrowed below 84 yuan/mt.