MMi Daily Iron Ore Report (November 17)
DCE iron ore futures continued to fluctuate rangebound with a stronger bias today, with the I2601 closing at 788.5 yuan, up 1.81% from the previous trading day, and the increase expanded.
In the first half of November, the SMM battery-grade nickel sulphate price experienced some adjustments, with the average price declining from 28,450 yuan/mt at the beginning of the month to 28,280 yuan/mt on the 17th. During the same period, SMM refined nickel prices also trended lower, and related producers showed expectations for production cuts. This article analyzes the current supply-demand pattern of nickel sulphate and the price correlation between refined nickel and nickel sulphate.
[SMM Chrome Daily Review: Futures Weakened with Insufficient Confidence, Market Expectations Mostly Bearish] November 17, 2025: The ex-factory price of high-carbon ferrochrome in Inner Mongolia today was 8,000-8,100 yuan/mt (50% metal content), down 25 yuan/mt (50% metal content) MoM from the previous trading day.