Latest Update in the SMM Iron Ore Index Market

SMM, Oct 30: According to customs data, EVA imports in September were 59,600 mt, down 22% MoM and 54.96% YoY.

SMM, Oct 30: In recent years, the global demand for renewable energy has been continuously growing. As an important part of clean energy, the PV industry has received strong support from policies and markets in various countries.

SMM, Oct 30: Driven by multiple policies this year, the demand for silver in the electrical alloy industry has increased compared to last year, with a noticeable improvement in order volume.

According to an SMM survey, on October 30, the blast furnace operating rate of 242 steel mills surveyed by SMM was 90.60%, stable WoW.

According to customs data, in September 2024, China's magnesium product exports amounted to 33,400 mt, down 9.97% MoM, up 11.3% YoY.

This week, lead futures fluctuated downward.

In September 2024, China imported 2.436 million mt of copper concentrates and ores, down 5.4% MoM, up 8.7% YoY.

In 2024, China's copper plate/sheet and strip import and export market grew rapidly.