During the survey period (April 9-April 15), the operating rate and capacity utilization rate of the rebar production lines of steel mills in central China rebounded; A certain increase of the rebar output in central China was to be expected in the next period.
MMi Daily Iron Ore Report (April 19)
DCE iron ore futures tight, The main contract I2409 closed at 871.an decrease of 0.34% throughout the day; Traders ship according to market conditions;
SMM statistics showed that steel shipments across Chinese ports decreased 2% to 6.602 million mt last week, down 135,200 mt.
Current Battery Inventory Review
In terms of power, as of the end of March 2024, the inventory for China's power battery cells stood at 123.6 GWh, with an inventory turnover ratio of 1.95 months, a decrease of 26% compared to February 2024.
FAW Group partners with DJI Automotive for intelligent driving tech development
On April 18, at the 5th China FAW Technology Conference held by Chinese automaker FAW Group, the company inked a strategic cooperation agreement with DJI Automotive, the automotive technology arm of D...