Publicado: Jun 25, 2024 16:55
Today, the iron ore market moved sideways. Traders are still cautious about quoting prices; steel mills are replenishing stocks as needed. The overall market trading atmosphere was average today. Transaction prices were basically flat compared with yesterday; in the short term, pig iron production is still showing a small upward trend and has reached a relatively high level compared with the same period, which provides some support for iron ore prices. However, recent heavy rainfall and high temperatures in many places have led to weak demand for finished products; coupled with the lack of positive macroeconomic news, it is expected that iron ore prices will continue to maintain a weak volatile trend in the short term.

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