MMi Daily Iron Ore Report (May 21)

DCE iron ore futures market roseing sharply trends. the main contract closed 826，an increase of 3.38% throughout the day; some traders were active to sell,

DCE iron ore futures rose in the morning，and fell in the afternoon. the main contract closed 811.5，an decrease of 1.7% throughout the day; Traders' enthusiasm for shipping has weakened; Some steel mills tended to be wait-and-see,

On June 17, lithium carbonate futures fell 1.44% to 95,800 yuan/ton (~13,213.79 USD/ton). The battery-grade index dropped to 97,486 yuan/ton (~13,446.34 USD/ton).

This week, the price of lithium hydroxide has declined. Lately, the lithium hydroxide market has seen relatively weak trading volume. With some downstream battery manufacturers gradually entering destocking mode, the destocking in the cathode part has gradually spread upstream, and some cathode manufacturers have long-term agreements for their own supply, ensuring basic supply of raw materials and prices of carbon and hydrogen are both on a downward trend.

DCE iron ore futures market roseing sharply trends, The main contract I2409 closed at 891.5. an increase of 2.28% throughout the day .

On May 14, lithium carbonate futures fell 2.05% to 105,000 yuan/ton (~14,502.76 USD/ton). The battery-grade index dropped to 109,232 yuan/ton (~15,087.29 USD/ton).

DCE iron ore opened high and then fell, rising again in the afternoon and closing strong after a day of fluctuations. The main contract, I2405, closed at 844,

On March 21st, lithium carbonate futures rose by 1.34% to 117,350 yuan/ton, while spot prices remained stable at 112,550 yuan/ton amidst selective purchasing behavior.

Lithium carbonate prices dip on sluggish market sentiment post-Chinese New Year. Some companies resume production, but downstream demand struggles.

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