【SMM Iron and Steel Morning Meeting Minutes: Black Futures Volatile Operation, Spot Market Mainly Watching】

Yesterday, the iron market saw a relatively strong and volatile operation throughout the day, with the main contract I2405 ultimately closing at 952, up 0.53% for the day. Traders were selling goods on the spot, with steel mills mainly engaging in just-in-time procurement. Overall, the market had a moderate trading atmosphere. In the Shandong region, the transaction price for PB powder was at 1010-1012 yuan/ton, remaining unchanged from last Friday's price; while in the Tangshan region, the transaction price for PB powder was at 1025 yuan/ton, an increase of 10-15 yuan/ton from last Friday's price.