Prices of SMM mainstream rare earth permanent magnets

On May 29, 2023, WISCO Group Xiangyang Heavy Equipment Materials Co. solicited bid for 60B ferromolybdenum.

DCE iron ore futures market rose sharply trends in the afternoon. the main contract closed 709.5. an increase of 3.96% throughout the day.

DCE iron ore futures fall today by 2.23%. the main contract I2309 closed 681. Traders have strong willingness to support prices;

DCE iron ore futures market falling trends, the main contract I2309 closed 707, an decrease of 2.95% throughout the day; some traders were negative to sell, steel mills purchased on demand.

Last week, the domestic zinc concentrate TCs remained stable, and the current domestic ore supply is relatively stable. Due to the continuous rise in the SHFE/LME zinc price ratio, the profits of imported ores are high. There will be large inflow of imported ore in the near term.

SMM reported that the market quotation for hot-rolled coil in the morning of May 22 dropped 20 yuan/mt compared with last Friday.

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.

Prices stabilised between 15,000-15,500 yuan/mt as of May 18, with a weekly average of 15,250 yuan/mt, down 100 yuan/mt from a week earlier.

DCE iron ore futures rose by 1.91% today, the main contract closed at 746.5.The traders' willingness to ship is general.