Gelonghui, May 11 | Bussan Zhongda (600704.SH) said at the performance briefing that it is expected that commodity prices will still diverge in the second quarter. The detailed analysis is as follows: Iron ore: The fundamentals of iron ore supply and demand may gradually improve in the second quarter, but it is expected that it will continue to be dominated by accumulation. In terms of prices, the average value may be lower than in the first quarter. Iron ore prices may show a rebound trend due to effects such as falling port inventories and a rebound in mineral prices. Steel: Industrial chain conflicts still exist in the second quarter, but there are marginal improvements. Steel futures prices are likely to bottom out. The key point is the recovery in demand. The market is expected to fluctuate as demand fluctuates. Coal: Domestic production capacity and demand increased relatively steadily in the second quarter, and domestic coal prices may fluctuate. In terms of imports, demand for imported coal is weakening, and import profits are poor, so it is difficult to continue the year-on-year increase in imported coal in the second quarter. Chemicals: The overall trend is fluctuating and weakening due to weak fundamentals on the demand side. The bulk supply chain industry has been initially iteratively upgraded from “selling products” to “selling services”, while using futures market hedging tools for price management, which has weakened the price-dominant cyclical factors to a considerable extent and transformed into a smart supply chain integrated service provider, which itself is a decyclical transformation.