Latest Update in the China Rare Earth Salts Market

This is a roundup of China's metals weekly inventory as of November 25.

DCE iron ore futures rose by 3.27% today, the main contract closed 758. The traders' willingness to ship is less .

Shanghai nonferrous metals closed mostly with gains as the recent market sentiment eased amid the frequent dovish signals from the US Fed.

As of November 25, inventory of nickel ore across Chinese ports fell by 98,000 wmt to 8.94 million wmt compared with last Friday.

Copper inventories in the domestic bonded zones added 2,000 mt from November 18 to 26,600 mt as of November 25.

As of November 25, bonded zone inventory of nickel stood at 5,180 mt, up 380 mt from November 18.

SHANGHAI, Nov 25 (SMM) - The magnesium market still performed poorly this week, and the market quotations showed a downward trend.

Silicon metal prices extended the declines this week. As of November 25, the prices of standard #553 silicon metal in east China lost 550 yuan/mt or 3% on a weekly basis to 18,700-18,900 yuan/mt, those of above-standard #553 silicon metal dropped 550 yuan/mt or 3% to 19,800-20,100 yuan/mt, those of #3303 silicon metal also declined 600 yuan/mt or 3% to 20,500-20,700 yuan/mt.