DCE iron ore was shocked sharply all the day. The main contract closed at 741,increased of 2.28 %. Traders are more motivated to ship.
Shanghai nonferrous metals closed mostly with gains as the US CPI rose 8.5% year-on-year, which is lower than expected, with a reading of 9.1% in June. Slowing US inflation has boosted the confidence of longs, hence non-ferrous metals posted gains across the board.
SHANGHAI, Aug 11 (SMM) - Power battery output totalled 41.3 GWh in June, up 171% on the year and 16% on the month.
SHANGHAI, Aug 11 (SMM) - Nickel sulphate supply deficit stood at 1,120 mt in Ni content in July.
SHANGHAI, Aug 11 (SMM) - Domestic cobalt sulphate market again saw a supply surplus of 416 mt in metal content in July.
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