DCE iron ore futures rose by 0.69% today, the main contract closed at 801.5.The traders' willingness to ship is general.

DCE iron ore futures rose by 2.9% today, the main contract closed at 745.5.The traders' willingness to ship is general.The steel mills are not active to purchase.The overall trading sentiment of the market is general.

SMM reported that the market quotations for hot-rolled coil in the morning of Jun 2 were lowered by 10 yuan/mt compared with the prior day.

Last week, the price of inverters was temporarily stable. The price of 20 kw grid-connected inverters was 0.2-0.26 yuan/W, the price of 50kw was 0.18-0.21 yuan/W, and the price of 110kw was 0.16-0.19 yuan/W. In terms of different models, the supply of IGBT single tubes used in household models and industrial and commercial low-voltage and low-power models is sufficient.

The prices of NMC materials continued to drop in April. From the perspective of cost, the sharp drop in prices of lithium lowered the manufacturing cost of NMC materials significantly. In terms of demand, the demand from motive battery market remained poor, and the growth in demand from digital products could hardly support prices of NMC materials.

DCE iron ore futures declined by 1.97 % today, the main contract closed at 697.The traders' willingness to ship is general.

Regular square billet prices in Qian’an, Tangshan were raised by 10 yuan/mt on May 9, and stood at 3,490 yuan/mt, including tax, ex-works.

Mainstream DMC prices stabilised this week.

Crude oil futures gained ground today. As of 15:13 CST, WTI oil and Brent oil rose more than 1%.

DCE iron ore futures tight by 0.56%. the main contract closed 713.5. Towards the end of the month, some traders' deliveries have led to an increase in speculative demand.