DCE iron ore opened in a downward trend, but rebounded slightly in the end as some short orders reduced their positions and left the market.

Today's lithium carbonate market saw a rise, with the SMM index climbing to 111,624 yuan/ton (~$15,417.68 USD/ton), while futures dropped by 2.15% to 111,450 yuan/ton.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Apr 30, 2024

As of the end of the first quarter of 2024, the cumulative installed capacity of newly commissioned energy storage projects in the country has reached 35.3GW/77.68GWh.

SMM April 29th: On April 29th, the opening price of the main Shanghai nickel contract was 145,000 yuan/ton and the closing price was 142,850 yuan/ton, a decrease of 3,020 yuan/ton from the closing price of the previous trading day. Intraday trading increased from the previous trading day, with a trading volume of 291042 lots and an open interest of 100654 lots, an increase of 21,522 lots and an increase of 1,132 lots from the previous trading day. This combination indicates that both long and short positions are increased...