Market Insights
China's iron ore derivatives market ended the week strongly by Friday, with the most-traded iron ore futures contract on the Dalian Commodity Exchange (DCE) for September delivery closing the daytime session at Yuan 891.5/dmt ($123.4/dmt), or up 2.18% or Yuan 19/dmt from Thursday's settlement price.
As of May 17, China's lead and zinc concentrate port inventory decreased by 18,000 tonnes and 6,000 tonnes from last Friday to 8,000 tonnes and 108,000 tonnes, according to Mysteel's survey. Written by Durand Du, duxiaoyu@mysteel.com Edited by Paula Xu, xuzhongping@mysteel.com
China's total output for raw coal for all uses dropped by 2.9% on year and 7% on month to 371.67 million tonnes in April, a new low since November 2022, which brought the total for the first four months of this year to 1.48 billion tonnes, 3.5% lower than the
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