EMM market remains calm, spot prices tend to stabilize [SMM EMM Daily Review] 

SHANGHAI, May 29 (SMM) – The prices of ADC12 secondary aluminium alloy fell 200 yuan/mt from a week ago to 18,500 yuan/mt as of last Friday.

SHANGHAI, May 25 (SMM) – The most-traded DCE 2309 iron ore contract closed down 2.23% at 681 yuan/mt today.

The most-traded SHFE 2306 aluminium contract opened at 18,125 yuan/mt overnight, with its low and high at 18,030 yuan/mt and 18,160 yuan/mt before closing at 18,115 yuan/mt, down 30 yuan/mt or 0.17%.

LME zinc opened at $2,422.5/mt on Tuesday and went down before closing at $2,354/mt, down $71.5/mt or 2.95%.

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

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

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.

SHANGHAI, May 15 (SMM) - The futures technical indicators suggest that the most-traded SHFE aluminium contract will fluctuate downwards or bottom out slightly this week.

SHANGHAI, May 15 (SMM) - The prices of cobalt intermediate products fell slightly last week.