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.
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.
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.
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).
China's lithium carbonate imports stood at 9,676 mt in May, up 68% on the month and 13% on the year.
SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.