Publicado: Feb 20, 2024 10:38
Iron ore main continuous decline exceeds 3%: Iron ore futures fell for the second consecutive day, with a 3.22% drop as of 10:39, to 930.5 yuan per ton. According to SMM shipping data, the global iron ore shipment totaled 29.61 million tons, an increase of 9% from the previous period. Both Australia and Brazil have seen an increase in shipments. The arrival volume is 28.92 million tons. However, terminal demand is still in the off-season, with delayed resumption of blast furnaces in steel mills, slow increase in iron production, and strong supply weakness suppressing ore prices. The first trading day after the holidays saw weak market performance, with moderate enthusiasm from traders and mainly observation from steel mills, resulting in poor overall market transactions. The transaction price of PB powder in Shandong province is 994 yuan per ton, down 21 yuan per ton from the previous day.

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Iron ore main continuous decline exceeds 3%: Iron ore futures fell for - Shanghai Metals Market (SMM)