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  MMi Daily Iron Ore Report (March 18)

  Today， DCE iron ore futures were in the doldrums today. The most-traded contract, I2605, finally closed at 811 yuan/mt, down 0.12% from the previous trading session. Spot prices fell by about 2-5 yuan from the previous trading day.

• SHFE Tin Contract Traded Sideways Around the 370,000 Threshold, with Market Sentiment Remaining Predominantly Cautious Ahead of the Interest Rate Cut Decision [SMM Tin Commentary]

  [SMM Tin Commentary: The SHFE Tin Contract Consolidated Near the 370,000 Level, with Market Sentiment Remaining Predominantly Cautious Ahead of the Interest Rate Cut Decision]

• [Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly

  [China Iron Ore Brief Review: Tight Resources in West Liaoning, Local Ore Prices May Edge Up Slightly] The domestic ore market in west Liaoning was relatively stable, with the ex-factory prices of 66-grade iron ore concentrates, wet basis and excluding tax, at 730-740 yuan/mt. Supply and demand were clearly in a wait-and-see mode. Beneficiation plants, considering the relatively small inventory pressure, temporarily held back from selling. Against this backdrop, traders were not highly motivated to make inquiries, and only a few made price inquiries based on their own needs. Affected by safety and environmental protection inspections, mining was restricted, and a small number of operating beneficiation plants suspended production for maintenance due to constraints in ROM resources. Circulating spot resources remained tight, which still provided certain support for ore prices.

• SHFE Lead Stopped Falling and Rebounded Today, Gradually Returning to Fundamentals-Driven Movement [Lead Futures Brief Review]

• SHFE Zinc Center Continued to Move Lower Today, with Focus on Interest Rate Decisions Outside China and China’s Social Inventory [SMM Brief Commentary on Zinc Futures]

  [SHFE Zinc Continued to Decline Today, with Focus on Overseas Rate Decisions and China Social Inventory] The most-traded SHFE zinc 2605 contract opened at 23,470 yuan/mt. After the opening, bulls and bears engaged in fierce competition, and SHFE zinc fluctuated rangebound below the daily average line. During the session, SHFE zinc touched a high of 23,475 yuan/mt and a low of 23,260 yuan/mt, and finally closed down at 23,345 yuan/mt, down 110 yuan/mt, or 0.47%. Trading volume increased to 55,115 lots, and open interest increased by 3,955 lots to 95,164 lots.....