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  [SMM Iron & Steel] China Iron Ore Portside Inventory - 2 April 2026

  According to an SMM survey on April 2, total iron ore inventory across the 10 major ports tracked by SMM stood at 119.31 million tonnes, marking a week-on-week increase of 190,000 tonnes. Inventories of coarse fines and concentrates accumulated slightly, while lump ore and pellets experienced slight destocking.

• Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]

  [SMM Rare Earth Weekly Review: Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases] The Pr-Nd oxide market as a whole continued to hold up well. Under the impact of expectations of tighter supply and pronounced fluctuations in futures prices, upstream suppliers kept raising their offers, while low-priced cargoes tightened rapidly, pushing Pr-Nd oxide prices up to 722,000-728,000 yuan/mt.

• Data: SHFE, DCE market movement (Apr 02)

  The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Apr , 2026

• SHFE/LME Price Ratio Recovered in Early Trading, Warrant Demand Surged [SMM Yangshan Spot Copper]

• SHFE Lead Fluctuated at Highs Around the Moving Average Today, With the Center Moving Upward [Lead Futures Brief Review]