Publicado: Oct 23, 2023 17:44
According to SMM, today's futures market fluctuated, closing at 3572, down 1.57% from the previous trading day, and spot market prices fell by 10-40 yuan/ton. The influence of the domestic stock market being bearish continued, coupled with the pessimistic macro environment, the market ran at a low level throughout the day. On the demand side, the market sentiment cooled significantly, the trading atmosphere was cold, terminal purchases were mainly on demand, and transactions were weak throughout the day. Looking ahead, iron ore saw a top-down correction, the upward driving force of raw materials was insufficient, the cost support was weak, and the downside space was limited in the short term due to its own fundamentals and news; the supply and demand contradictions were gradually alleviated, but there was still a small increase in the supply of building materials in the near future, coupled with the lack of confidence in the market for the recovery of demand, or the rebound sentiment was suppressed. The price of finished products is limited both up and down, and it is expected to remain in a narrow range of shocks in the short term.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn