Publicado: Jun 11, 2024 16:40
Today, the iron ore futures market opened and closed lower, with a wide range of fluctuations throughout the day. The main contract closed at 806 with a daily decline of 4.16%. The overall trading atmosphere of the market was sluggish today. The transaction price fell by 20-25 yuan/ton compared with that of last Friday. Last Friday, the US non-farm employment data for May was released, which showed that the number of jobs increased by 272,000, far exceeding expectations. This lowered the expectation of the Federal Reserve for interest rate cuts. The rise of the dollar index led to a significant decline in the prices of dollar-denominated products such as non-ferrous metals and iron ore. Looking at the fundamentals of iron ore......

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Today, the iron ore futures market opened and closed lower, with a wid - Shanghai Metals Market (SMM)