MMi Daily Iron Ore Report (September 15)

DCE iron ore futures market rose by 3%, the main contract I2405 closed 977, some traders were negative to sell, But steel mills are cautious and cautious, resulting in a decrease in inquiries.

DCE iron ore futures rose today, the main contract I2401 closed 975.5. an increase of 1.99% throughout the day. Traders ship according to market conditions.

DCE iron ore futures rose today by 1.36%.the main contract I2401 closed 969.5. some traders were active to sell, Some steel mills tended to be wait-and-see, and purchased on demand. total transactions is poor.

On October 23rd, according to SMM research, stainless steel futures continued to decline today. The opening price of 304 cold and hot rolled steel at Delon this week has dropped by 200-300 yuan/ton compared to last week.

DCE iron ore futures declined by 3.17% today, the main contract closed at 839. The steel mills are active to purchase.The overall trading sentiment of the market is general.

The macroeconomic negative factors facing nickel prices have weakened, but interest rates will be cut during the year. Expectations have declined, and it is difficult to have a positive effect on commodities.

SMM nickel-chrome-manganese-stainless steel industry chain price list

The nickel industry is in the limelight in the non-ferrous metals commodities market since 2020, as demand and supply fundamentals have become more volatile.

The global widespread of COVID-19 has forced many countries to enforce stringent containment measures which result in a heavy impact on global economic activity. Over the past few months, we saw serious disruption of manpower, transportation and production in China. We are now seeing these scenarios happening around the world.