Publicado: Oct 11, 2023 17:54
According to SMM, the market in Liaodong area mainly executes previous orders. Due to the downward trend of iron ore futures opening, the willingness of miners to bid has weakened, and traders have uncertainties about the future market, most of them are watching and not buying for the time being, and inquiries have decreased. However, some traders have to buy due to immediate needs and want to take this opportunity to lower the price, and the market as a whole is weak. Considering that the import of ore has continued to decline recently, the Tangshan market is also under pressure from steel mills to lower prices, which increases the risk of mid-month settlement falling. The willingness of buyers to lower prices for risk avoidance still exists in the market recently, and it is expected that Liaodong market will still face a small downward risk in the middle of the month.【SMM Iron Ore】

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