Publicado: Jun 4, 2024 18:30
【SMM Comment: How will iron ore futures perform after nine consecutive declines due to the off-season effect of terminal demand?】Accompanied by the dissipation of macroeconomic sentiment in the market, iron ore futures, which have returned to the fundamental market, have been hit by the off-season effect of terminal demand. The main iron ore futures have seen nine consecutive declines. As of the closing of the market on June 4th, the main iron ore futures fell by 2.11%, reporting 834 yuan/ton. Compared with its previous high of 925.5 yuan/ton on May 22nd, the price has dropped by 91.5 yuan/ton, a decline of 9.89%. What caused the iron ore futures to decline nearly 10% in 10 trading days? How will the iron ore futures market continue to perform?

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