Honghe Prefecture Launches 2.22 GW New Energy Project Selection in Yunnan Province

This week, ferrous metals rebounded from the bottom. At the start of the week, coking coal and coke led the futures higher, mainly driven by rising crude oil prices in the overseas market, which pushed the energy and chemicals sector stronger accordingly; mid-week, both the U.S. and Iran signaled a more relaxed stance toward war, easing geopolitical tensions, while coal prices fell in tandem, weakening the cost-side logic, and ferrous metals fluctuated at highs; in the latter half of the week, worsening short-term liquidity issues in BHP's iron ore port inventory triggered stronger iron ore prices in the overseas market, while the Middle East situation remained volatile, reinforcing cost support and pushing ferrous metals higher again. In the spot market, supported by futures, end-user and arbitrage purchase sentiment both improved WoW this week......

On March 11, Inner Mongolia Power Group and the State Grid Corporation of China signed an entrusted construction management agreement for the Dalate–Mengxi 1,000 kV AC power transmission and transformation project. Under the agreement, the State Grid Corporation of China will invest in and build the Dalate–Mengxi 1,000 kV AC power transmission and transformation project, and will entrust Inner Mongolia Power Group with on-site construction management, while State Grid UHV Construction Branch will participate in technical and cost management. The signing of this agreement marked an important achievement in deepening strategic cooperation between the State Grid Corporation of China and Inner Mongolia Power Group.