Hot News

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  Cobalt Price Review and Forecast

  Refined cobalt prices continued to fall in the week ending April 25 due to abundant supply and weak demand from end-users. Despite high operating rates at smelting plants, weak demand from end-users is leading to an expanding oversupply, which is likely to further weaken prices.

• Lithium Carbonate Price Review and Forecast

  Fluctuations in spot lithium carbonate prices have slowed down recently as sellers and buyers are basically in a deadlock. Supply side, smelters are resuming production slowly, while April’s imports should stay at March’s high levels.

• Copper inventories in the domestic bonded zones increased

  Copper inventories in the domestic bonded zones increased 4,300 mt from April 18 to 77,700 mt as of Thursday April 25, according to the latest SMM survey.

• Copper futures prices fell slightly before rising this week

  In the week ending April 26, copper prices fell slightly first and then rose. While the Federal Reserve continued to make hawkish remarks, the US dollar has rolled back gains, easing the pressure on copper prices to a certain extent; the decline in international gold prices and China’s A-shares in the first half of the week caused a slight drop in copper prices, but the 10-day moving average provided strong support. In the second half of the week, copper prices rebounded to above the 5-day moving average.

• MMi Daily Iron Ore Report (April 26)

  DCE iron ore continued to fluctuate in a day，and rise in the end; The main contract I2409 closed at 884.5. an increase of 0.06% throughout the day;