Latest Update in the SMM Silicon Steel Market

Today, the DCE iron ore futures fluctuated rangebound, with the most-traded contract I2509 closing at 710.5, down 0.49% for the day. Traders' willingness to sell was moderate; some steel mills were still in the process of restocking, showing relatively strong purchase willingness. The market transaction atmosphere was moderate.

Today, Dalian iron ore futures fluctuated rangebound, with the most-traded contract I2509 closing at 710.5, down 0.49% for the day. Traders' willingness to sell was moderate; some steel mills had not yet completed restocking, and their purchase willingness was good. The market trading atmosphere was moderate.

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["[Imported Zinc Ingot Inflow, SHFE Zinc Maintains Fluctuating Trend]: The most-traded SHFE zinc 2506 contract opened at 22,545 yuan/mt. In early trading, SHFE zinc fluctuated to a high of 22,555 yuan/mt, then slightly declined to a low of 22,380 yuan/mt. Subsequently, SHFE zinc rebounded from the low level to near the daily average line, eventually closing down at 22,520 yuan/mt, down 30 yuan/mt or 0.13%..."]

【SMM Iron Ore Price Transaction Summary】On April 28, prices rose by 1-5 yuan/mt compared to the previous trading day; PB fines at main ports in Shandong were priced at 765-768 yuan/wmt, and super special fines at 635 yuan/wmt; PB fines at main ports in Hebei were priced at 780 yuan/wmt, and Jimblebar fines at 735 yuan/wmt. (Pricing unit: yuan/wmt)