Publicado: Jul 1, 2024 16:41
Today, the iron ore price showed a relatively strong volatile operation. The main contract closed at 840, with a daily increase of 2.5%. The overall market trading atmosphere was desolate today. The transaction price increased by 10-15 yuan/ton compared with last Friday. According to SMM data, the total global iron ore shipment was 35.12 million tons, a decrease of 1.1% from the previous week. Among them, the shipment from Australia decreased, while the shipment from Brazil and non-mainstream mines increased. As the Third Plenary Session is about to be held, the strengthening of macro policy expectations has improved market sentiment, driving the iron ore price to rise in volatility. However, given the current poor profits of steel mills and the planned blast furnace maintenance of some steel mills, it is expected that the iron ore price will face greater resistance in the short term and may continue to show a volatile trend...

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