Port Pick-Up Volume Rose, Iron Ore Futures Gained, Spot Prices Fell [SMM Imported Ore Daily Brief]

In April, energy demand in Anhui province continued to rebound, with secure and effective energy supply ensured. Electricity demand rebounded positively. In April, total electricity consumption reached 28.61 billion kWh, up 5.2% YoY, with the growth rate accelerating by 1.5 percentage points MoM. Power supply capacity steadily improved. In April, installed power generation capacity in the province increased by 630,000 kW, bringing total installed capacity to 148 million kW, up 13.2% YoY. Thermal coal supply remained stable and orderly. In April, Anhui's raw coal output was 8.75 million mt, with coal stockpiles at major power plants sufficient for 25 days of use. Natural gas consumption pulled back. In April, Anhui's natural gas consumption was 920 million cubic meters, down 6% YoY. Installed renewable energy generation capacity grew steadily. In April, newly added renewable energy generation capacity in the province was 600,000 kW, bringing total installed renewable energy capacity to 77.52 million kW.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 08 Jun , 2026

[SMM Stainless Steel Daily Review] Bullish and Bearish News Alternately Drive SS to Retreat After Rapid Rise; Stainless Steel Spot Prices Stay Stable, Transactions Mediocre SMM, June 8: SS futures showed an advance-then-decline trend. In the morning, due to an earthquake in the Philippines, the market feared that nickel ore supply would be impacted, driving SHFE nickel and SS futures higher together. However, in the afternoon, news emerged from Indonesia that nickel ore quotas were expected to be relaxed, causing SS futures to decline once again. As of the close, the most-traded SS contract was quoted at 14,665 yuan/mt. On the spot market, although SS futures showed strength in the morning, some stainless steel spot offers edged up, but market acceptance of higher prices was limited, and transactions were mediocre. The most-traded SS futures contract pulled back. At 10:15 a.m., SS2607 was quoted at 14,725 yuan/mt, up 90 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi were in the range of 345-945 yuan/mt. In the spot market, the average price of Wuxi cold-rolled 201/2B coil was flat; for cold-rolled raw edge 304/2B coil, average prices in Wuxi and Foshan were both flat; cold-rolled 316L/2B coil in Wuxi was flat; hot-rolled 316L/NO.1 coil offers in Wuxi held steady; and cold-rolled 430/2B coil in both Wuxi and Foshan remained stable. Stainless steel futures and spot markets experienced heightened volatility. Futures, swayed by overseas macro news, rose first and then fell, fully revealing the off-season character of the market. The industry's outlook for the near-term market is ambiguous, wait-and-see sentiment is strong, transactions see sporadic recovery but lack sustainability, traders are under rising shipment pressure, and many are boosting sales by offering price concessions. Overall, macro...