Dalian Iron Ore Futures Fluctuate, Close Slightly Up Amid Sluggish Trading

Published: Jan 23, 2025 16:48

Save

Today, Dalian iron ore futures moved downwards after a higher opening, fluctuating throughout the day. The most-traded I2505 contract finally closed at 801.5, up 0.44% for the day. Traders sold goods in line with market trends, while steel mill inquiries decreased. Today's market transactions were sluggish, with transaction prices remaining basically stable compared to yesterday. Industry data released today showed that apparent demand for rebar and HRC both pulled back, while total inventory growth expanded. Overall performance was average, exerting some influence on the price trends of ferrous products. However, from the perspective of iron ore's fundamentals, fluctuations were relatively small, maintaining an upward fluctuation pattern. In the short term, as spot trading nears its end, market transactions have become increasingly sluggish, with futures market movements primarily rangebound. ......

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

[SMM Analysis] March Analysis of the Manganese-Based Battery Materials Market: Divergence Driven by Costs, with Demand Set to Recover Soon

Recently, China’s manganese-based battery materials market has shown an overall pattern of cost-driven dynamics, product differentiation, and gradually recovering demand. Manganese sulphate and Mn3O4 were supported by rising upstream raw material costs and freight rates, with prices trending upward; MnO2 remained stable; LMO held steady amid fluctuations in lithium carbonate, awaiting a recovery in demand in April.

7 hours ago

8 hours ago

[SMM HRC Arrivals] Arrivals in Mainstream Markets Extended Their Decline for a Second Straight Week This Week

8 hours ago

9 hours ago

MMi Daily Iron Ore Report (March 31)

Iron ore futures experienced volatile trading, opening higher but weakening throughout the day. The main contract I2605 eventually closed at 808 yuan/ton, down 0.80% from the previous trading session.

9 hours ago