Steel tender prices continued to decline; The metal magnesium market was also relatively weak, with difficult demand releasing, and the market sentiment was relatively low.

The total trading volume of 2312 contract on the exchange was 127650 lots, with a turnover of about 4484.4397 million yuan.

The total trading volume of 2312 contract on the exchange was 193305 lots, with a turnover of about 6770.2995 million yuan.

Glencore announced on Monday it has reduced its nickel production guidance for this year by 9% to approximately 102,000 metric tons due to maintenance and strikes.

The 2312 ferrosilicon contract price on ZCE closed at 7130 yuan per ton on October 30.

With robust signs from the realty and construction sectors, the steel market will recover soon, he added.

The 2312 ferrosilicon contract price on ZCE closed at 7038 yuan per ton on October 24.

The 2312 ferrosilicon contract price on ZCE closed at 7006 yuan per ton on October 23.