DCE iron ore futures rose by 1.34% today, the main contract closed at 909.5.The traders' willingness to ship is less.The steel mills are wait and see .The overall trading sentiment of the market is worse.
Early last week, the annualised US Personal Consumption Expenditures (PCE) Price Index recorded 4.7%, an increase of 0.1 percentage point year-on-year, far exceeding the market's expectation of 4.3%.
Silicon metal smelting is an electrothermochemical reaction process carried out continuously in a RKEF with silica, carbonaceous reducing agent and loosening agent such as wood chips as raw materials.
On March 3, premiums of Jinchuan nickel stood at 7,300-7,500 yuan/mt, with an average of 7,400 yuan/mt, 150 yuan/mt lower than the previous trading day.
DCE iron ore futures continued to fluctuate rose in a day, the main contract closed 919, an increase of 1.04% throughout the day. some traders quotation is still stronger; Some steel procurement more cautious, the continuation of a small number of multi-frequency procurement strategy.