Hot News

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  Blast Furnace Maintenance Contains Iron Ore Prices despite Rallies Recently

  Iron ore prices stabilised since last Thursday after falling for quite some time. The futures contract once recorded a gain of nearly 5%, and finally closed that day with an increase of 3.96% to 775 yuan/mt.

• SMM Analysis: SHFE Copper Lost More than 8.7% amid Worries about Global Economic Slowdown

  SHANGHAI, Jun 27 (SMM) – Driven by the Russian-Ukrainian war, global energy prices continued to rise, which indirectly increased inflationary pressures in Europe and the United States.

• Copper Inventory across Major Chinese Markets Added 13,500 mt over Weekend

  As of Monday June 27, SMM copper inventory across major Chinese markets increased by 13,500 mt from last Friday to 115,800 mt, the largest growth since March.

• Social Inventory of Lead Ingot Continued to Decline amid the Production Reduction of Primary and Secondary Lead in the Major Producing Areas

  As of June 27, the social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin was 81,800 mt, down 3,100 mt from last Friday (June 24) and 12,500 mt from last Monday (June 20).

• Imports and Exports of Lithium Salt Increased Sharply MoM under the Resumption of Import and Export Channels, with Imports of Lithium Concentrate Rising by 8%

  China's lithium carbonate imports stood at 9,676 mt in May, up 68% on the month and 13% on the year.