SMM estimates that there were 71 vessels carrying 11.42 million mt of iron ore arrived at major Chinese ports during February16-22, up 1.01 million mt from the week ended February 15.
On the SHFE, nickel added 0.7% to lead the gains, lead rose 0.3%, aluminium and copper gained about 0.2%. Tin dipped 0.04%, and zinc dropped 1.3%.
DCE iron ore dropped more than 2% in early trade on Tuesday, before it recouped some losses to end the day 0.52% lower at 672.5 yuan/mt, still standing well above lows hit in early February
SMM expects the current pace of demand recovery unlikely to reverse the upward trend in rebar inventories in the short term. This may continue to see rebar inventories rising further this week with...
The adjustment lifted quotes of gadolinium oxide to 170,000 yuan/mt, up 7000 yuan/mt from a week earlier. Prices of erbium oxide and holmic oxide rose 3,000 yuan/mt and 20,000 yuan/mt, respectively...
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