[NPI Daily Review] Back-and-Forth Negotiations Between Upstream and Downstream for High-Grade NPI, Prices Held Steady While Grade Premiums Remained High

[SMM Nickel Flash] Iranian Parliament Approves Bill to Levy Transit Fees on the Strait of Hormuz, Payable in Iran’s Local Currency According to CCTV News, on March 30 local time, the National Security Committee of the Iranian Parliament passed a bill proposing to charge fees to vessels transiting the Strait of Hormuz. The plan includes implementing financial arrangements and a fee-charging system in Iranian rials; prohibiting US and Israeli vessels from passing through the Strait of Hormuz; maintaining Iran and its armed forces’ dominant position; barring passage by countries participating in unilateral sanctions against Iran; and cooperating with Oman to formulate the relevant legal framework.

The State Administration for Market Regulation issued a notice on further implementing the Anti-Unfair Competition Law of the People's Republic of China. The notice mentioned the comprehensive regulation of "involution-style" competition. It called for the comprehensive use of various anti-unfair competition measures, with a focus on preventing and curbing "involution-style" competition in key industries and sectors such as the platform economy, PV, lithium batteries, and NEVs.