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  [SMM Hot-Rolled Steel Arrivals] East China Market Arrivals Declined Significantly This Week  

  SMM Steel, February 10 – According to SMM statistics, the estimated total shipments of resources in mainstream markets this week were 176,800 mt, down 24.86% WoW from last week’s shipment level. By market:

• MMi Daily Iron Ore Report (February 10)

  Today, the DCE iron ore market exhibited volatility during the morning session, followed by an initial rally and subsequent retreat in the afternoon. The benchmark contract, I2605, ultimately closed flat at 761.5 RMB/tonne

• Macro sentiment cools down and spot cargo consolidates in parallel, the most-traded SHFE tin contract is expected to run in the doldrums [SMM Tin Futures Brief Review]

  [SMM Tin Futures Review: Macro Sentiment Cools and Spot Cargo Consolidates in Parallel, the Most-Traded SHFE Tin Contract Is Expected to Run in the Doldrums]

• [Domestic Iron Ore Brief Review] Iron ore concentrate prices in the Tangshan region may fluctuate in the doldrums.

  [Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan Area May Fluctuate in the Doldrums] Domestic iron ore prices in the Tangshan area are relatively stable, with 66-grade iron ore concentrates at 980-985 yuan/mt. As the Chinese New Year holiday approaches, producers' operational pace has slowed down, and buyer inquiries for sourcing goods are fewer. Some have accelerated direct procurement of resources from large local mines, but apart from fulfilling steel mill orders, ore dressing plants still face certain obstacles in exporting resources.

• The most-traded BC copper contract closed up 0.21%, with weak demand limiting upside room [SMM BC Copper Review]