[Live: Global New Energy Vehicles & China's Low-Altitude Economy Outlook, Analysis of Electric Drive Metal Prices, Sharing of Innovative Technologies for Motor Materials] ►Analysis and Future Outlook of the Global New Energy Vehicle Market ►Development and Outlook of China's Low-Altitude Economy ►Development Opportunities and Challenges of Low-Altitude Electric Aircraft ►Industrialisation Breakthrough of Ultra-Thin Soft Magnetic Materials for High-Efficiency Drive Motors ►Price and Cost Analysis of Electric Drive Metal Materials

Today, DCE iron ore futures continued to drop slightly, but rebounded slightly in the afternoon. The most-traded contract I2509 eventually closed at 698, up 0.43% for the day. Traders sold goods according to market conditions, with limited speculative transactions. Steel mills adopted a wait-and-see attitude cautiously, with a strong desire to bargain down prices.

[Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in Tangshan Region May Remain in the Doldrums] The prices of domestic iron ore concentrates in Tangshan dropped slightly. Currently, the delivery-to-factory price of 66-grade dry-basis iron ore concentrates, inclusive of tax, is 880-890 yuan/mt. There are no significant inquiries for beneficiation and trading, with some low offers being evident. Beneficiation plants, considering the significant pressure of losses, are reluctant to sell. There are no significant transactions for high-grade resources, and most of the market shipments are steel mill orders.

[SMM Rebar Daily Review: High Temperatures and Heavy Rainfall, Coupled with Local High School Entrance Exams, Push Construction Steel Market into "Off-Season Dormancy"] Today, rebar futures first declined and then rose, closing at 2,986, up 0.13% from the previous trading day. In terms of spot prices, most construction steel markets maintained stable quotes in the morning, while a few markets saw spot prices drop slightly, with declines ranging from 10 to 30 yuan/mt. Trading performance was poor throughout the day.

[SMM Stainless Steel Daily Review: Stainless Steel Prices Hit New 5-Year Low Amid Supply-Demand Imbalance, Sluggish Trading] SMM reported on June 19 that today, driven by the strength in SHFE nickel, the SS futures market rose in tandem, maintaining operations above 12,500 yuan/mt throughout the day. However, the spot market did not follow the futures market's strength, with spot prices remaining weak. Stainless steel demand continued to be sluggish, with traders generally reporting sluggish trading and difficulties in selling off their inventories. Within this week, social inventory of stainless steel further accumulated, once again surpassing the 1 million mt mark. Currently, stainless steel prices have fallen to a five-year low, but the mainstream market view does not favor a stop falling and rebound in the short term. Recently, prices of raw materials such as nickel and chromium have continued to decline, and with stainless steel inventory still at a high level, it is expected that prices will remain in the doldrums in the short term. In the futures market, the most-traded 2508 contract strengthened and rose. At 10:30 a.m., SS2508 was quoted at 12,555 yuan/mt, up 65 yuan/mt from the previous trading day. In the Wuxi region, spot premiums/discounts for 304/2B stainless steel ranged from 315-615 yuan/mt. In the spot market, cold-rolled 201/2B coils in both Wuxi and Foshan were quoted at 7,675 yuan/mt; cold-rolled mill edge 304/2B coils had an average price of 12,850 yuan/mt in Wuxi and the same in Foshan; cold-rolled 316L/2B coils were priced at 24,000 yuan/mt in Wuxi and the same in Foshan; hot-rolled 316L/NO.1 coils were quoted at 23,350 yuan/mt in both regions; cold-rolled 430/2...