The most-traded DCE 2401 iron ore contract closed up 0.48% at 845.5 yuan/mt today. Sselling appetites from some traders were active, while steel mills purchased iron ore on a need-to basis. Iron ore market activity persistently improved today. The transaction prices of PB fines in Shandong were mostly 850 yuan/mt /mt, up 8 yuan/mt on the day. The transaction prices of PB fines in Shandong were mostly 908-910 yuan/mt /mt, down 5-7 yuan/mt on the day.
The transaction price of super special concentrates in Shandong was 760 yuan/mt. The transaction prices of PB fines in Hebei were 915-917 yuan/mt, which was 1-3 yuan/mt higher than the previous trading day. Boosted by expectation on a certain peak season after entering September and continuously positive news, iron ore spot trading sentiment may pick up. On the whole, shipments from ports may recover, and inventory at 35 ports will decline. According to the SMM data, the output of molten iron in BF-based steel mills will be high next week. In the short term, changes in profits of steel mills and news will deserve to be monitored. It is expected that iron ore prices will fluctuate at a high level.
![Los precios del magnesio suben por tercera sesión consecutiva: el lado de los costos sigue "ardiendo" mientras la demanda lucha por tomar el relevo [Comentario de SMM]](https://imgqn.smm.cn/usercenter/EutUV20251217171724.jpeg)
![[ Canadá impondrá un arancel de represalia del 50 % al acero estadounidense ]](https://imgqn.smm.cn/usercenter/QMaot20251217171719.jpg)
