MMi Daily Iron Ore Report (Aug 12)

Aug 12, 2024, at 6:16 pm
SMM

DCE iron ore futures hit a new low, with the market showing weak and volatile performance throughout the day. The most-traded contract I2501 finally closed at 734 yuan/mt, down 1.08% for the day.

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SMM Analysis: Copper prices fell, and the price difference between primary metal and scrap narrowed significantly. The operating rate of copper cathode rod in China rebounded as expected in July.

MMi Daily Iron Ore Report (Aug 12)

[SMM Data] Operating Rate of LiPF6 Decreased in July 2024

SMM Analysis: Copper prices fell, and the price difference between primary metal and scrap narrowed significantly. The operating rate of copper cathode rod in China rebounded as expected in July.