【SMM Steel】Japan Initiates AD Probe on Chinese, Korean Galvanized Steel Imports

Today, the DCE Iron ore futures showed a weak-then-strong pattern today. The most-traded contract I2609 ultimately closed at 817 yuan/mt, basically flat compared to the previous trading day. Port spot prices were down 2-5 yuan/mt from the previous day. Traders offered prices in line with the market; steel mills purchased as needed; overall spot trading sentiment was lukewarm.

[SMM Silicone Weekly Review: Silicone Overall Product Price Center Shifted Slightly Upward, Weekly Market Trading Atmosphere Was Subdued] This week, the transaction center of China's silicone DMC market shifted slightly upward, with the mainstream transaction range at 14,800-15,000 yuan/mt, up 50 yuan/mt WoW. Regional quotations: monomer enterprises in Shandong quoted 14,800 yuan/mt, up 100 yuan/mt WoW; monomer enterprises in north-west China lowered their online store prices by 800 yuan/mt to 15,100 yuan/mt; mainstream quotations in other regions were mainly at 15,000-15,200 yuan/mt. Currently, mid- and downstream enterprises were primarily drawing down inventory, so overall market transactions this week were limited to small volumes of just-in-time procurement.

[SMM HRC Daily Trading] On May 14, the combined daily HRC trading volume of SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 14,510 mt, down 10 mt or 0.1% DoD, down 11.36% YoY (solar calendar), and up 32.15% YoY (lunar calendar).