Market Insights
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Inventories of imported iron ore stockpiled at China's 47 major ports under Mysteel's regular tracking declined by 2.28 million tonnes or 1.3% on week to 174.65 million tonnes as of April 16, nearing a three-month low, according to the latest survey results. Nonetheless, the portside stocks remained
Tin prices fluctuated at high levels on April 16. The SHFE night session briefly rose to Yuan 392,880/tonne. Improved macro sentiment lifted tin prices. Overseas, there are expectations of an easing of the Middle East situation. The U.S. President said the next round of talks could be held this w
On April 16, copper prices stayed generally stable, with mild increases in futures markets and a slight decline in China's spot market, amid signals of easing macro pressures. Refined copper spot premiums declined in China's major markets, as holders lowered prices to promote sales. Meanwhile, spot
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