Lithium Iron Phosphate Contract Negotiations Underway at End of March, Significant Improvement in Order Outlook Expected [SMM Weekly Review]
Gasgoo Daily: NETA Auto signs deal for first localization project in South Asia
With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.
MMi Daily Iron Ore Report (March 29)
DCE iron ore futures opened high and fell, breaking the previous low and reaching 737 points. The main contract I2409,closed at 740, an decrease of 2.44% throughout the day;
Copper inventories in the domestic bonded zones grew
As of Thursday March 28, copper inventories in the domestic bonded zones grew 2,500 mt from March 21 to 59,800 mt, according to the latest SMM survey.
Expectations over production cuts supported copper prices
The US dollar strengthened in the week ending March 29, running above the 5-day moving average; that weighed on copper prices early in the week. LME copper prices met resistance from the 10-day moving average. On Tuesday, the most active SHFE copper contract also met resistance from the 10-day moving average.