Latest Update in the China Magnesium Market

DCE iron ore futures rose by 0.29today, the main contract closed at 866.5.The traders' willingness to ship is less.

This is a roundup of China's metals weekly inventory as of March 24.

Shanghai nonferrous metals closed with gains in day trading.

As of March 24, the nickel ore inventories at Chinese ports dropped 185,000 wmt from a week earlier to 6.41 million wmt.

Citibank issued a report saying that the recent European and American banking crises have highlighted that China is a relatively safe haven this year.

A relevant person from China Coal Energy said today that coal imports can only be made by companies with import rights through submission of approval.

Bonded zone inventory of nickel dropped 300 mt to 4,600 mt WoW as of March 24.

Silicon metal prices fell further this week. As of March 24, the prices of standard #553 silicon metal in east China lost 200 yuan/mt on a weekly basis to 15,900-16,100 yuan/mt