Publicado: Jun 28, 2024 16:39
Today, iron ore prices first weakened and then strengthened, fluctuating higher throughout the day. The main contract finally closed at 825, with a daily increase of 0.18%. Traders' enthusiasm for shipment is still acceptable; steel mills' willingness to purchase is average. The overall market transaction atmosphere is average today. Transaction prices have increased by 0-5 yuan/ton compared to yesterday's high prices; as of June 28, the total inventory of 35 ports tracked by SMM is 145.44 million tons, up 330,000 tons from the previous week and up 21.88 million tons year-on-year. The increase in port inventory will still put pressure on ore prices. However, there are rumors in the market that the real estate industry may introduce favorable policies, driving a slight increase in ore prices...

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Today, iron ore prices first weakened and then strengthened, fluctuati - Shanghai Metals Market (SMM)