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During the survey period (December 23–December 29), both the operating rate and capacity utilization rate of rebar rolling lines in the central China region increased, while the operating rate and capacity utilization rate of wire rod rolling lines decreased.
Stable Price Strategy Dominates, Firm Trend Continued Today [SMM Magnesium Morning Meeting Minutes]
[SMM Magnesium Morning Meeting Summary: Price Stabilization Strategy Dominates, Firm Trend Continued Today] Today, prices across various segments of the magnesium industry chain remained largely stable. Dolomite demand provided relatively strong support, while ferrosilicon struggled to rise. Magnesium ingot prices are expected to stabilize. Magnesium alloys faced undersupply, but the implementation of new prices was slow. Magnesium powder remained steady.
Codelco and SQM form JV to develop Chile's Atacama Salt Flat
Xinhua News Agency, Santiago, December 27 (Reporter Zhu Yubo) – Chilean state-owned enterprise Codelco and lithium giant SQM announced on December 27 that they will merge their respective subsidiaries to form a new joint venture.
SMM Morning Meeting Minutes: LME copper opened at $12,415.5/mt overnight, initially fluctuating downward to a low of $12,145/mt, after which copper prices gradually shifted upward, touching a high of $12,459/mt, then the price center dropped sharply and consolidated near the session close, finally settling at $12,187/mt, up 0.45%, with trading volume reaching 64,600 lots and open interest at 341,000 lots. The most-traded SHFE copper contract 2602 opened at 97,020 yuan/mt overnight, initially fluctuating upward to a high of 98,400 yuan/mt, after which the price center declined steadily, approaching a low of 96,010 yuan/mt near the session close, and finally settled at 96,060 yuan/mt, down 4.38%, with trading volume at 231,900 lots and open interest decreasing by 221,000 lots, reflecting long position reduction.
