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  [Brief Review of China's Iron Ore Market] Prices in West Liaoning May Continue to Fluctuate

  [China Iron Ore Brief Review: Prices in West Liaoning May Continue to Fluctuate] Local iron ore concentrates prices in west Liaoning were relatively stable, with the ex-factory prices of 66-grade iron ore concentrates, wet basis and excluding tax, at 740-750 yuan/mt; recently, multiple departments, including environmental protection, emergency response, and forestry, jointly conducted inspections in Liaoning Province. According to SMM tracking, some small and medium-sized ore dressing plants with incomplete documentation suspended production again, exacerbating the overall tight supply of iron ore concentrates.

• MMi Daily Iron Ore Report (April 1)

  The iron ore market showed a volatile pattern today, with prices fluctuating upward in the morning before retreating in the afternoon. The main contract I2605 closed at 812 yuan/ton, up 0.12% from the previous trading session.

• [SMM Hot Topic] A Full Breakdown of Rebar Cross-Product Price Spreads! Four Core Price Spreads to Understand the Underlying Logic of Profit Distribution Across the Industry Chain

  Inter-product price spreads are a segment of the rebar spread system characterized by complex logic and abundant trading opportunities. Unlike the spot-futures price spread, which reflects the spot-futures structure, and calendar spreads, which reflect near- and far-term expectations, the core of inter-product price spreads lies in macroeconomic structural adjustment and profit distribution across the industry chain. From the perspective of the industry chain, inter-product price spreads for long steel products are mainly concentrated in the following four areas:

• Hot Metal Production Rebounded Steadily, Iron Ore Futures Closed Slightly Higher [SMM Iron Ore Daily Review]

• Zimbabwe reaffirms its commitment to promoting domestic value addition【SMM Analysis】