DCE iron ore futures rose by 0.87 % today, the main contract closed at 871.5.The traders' willingness to ship is excellent.The steel mills are active to purchase.

According to customs data, China's silicon metal exports in August stood at 43,300 mt, down 9% MoM and 23% YoY.

The most-traded DCE 2401 iron ore contract closed down 1.9% at 854 yuan/mt yesterday.

SMM data: Tin ingot inventory change (weekly)

SMM data: Tin ingot inventory change (weekly)

This week, HRC social inventory in 69 sampled warehouses in China was 4.0876 million mt, up 13,100 mt from last week, a minor increase of 0.32%.

Low-sulfur coking coal in Lvliang, Shanxi was quoted at 2,100 yuan/mt, while the quotation in Linfen was 2,150 yuan/mt and 2,100 yuan/mt in Tangshan.

Yesterday, HRC futures fell back after a high opening and closed at 3843 yuan/mt, down 2.26%. This week, HRC output increased slightly, while steel mills’ profits were squeezed by high raw material costs.