Publicado: Jul 2, 2024 16:58
Today, iron futures maintained its strong volatile trend. The main contract finally closed at 843, with a daily increase of 1.44%. The overall trading atmosphere in the market today was average. The transaction price increased by 0-10 yuan/ton compared with the price yesterday; due to poor sales in recent days, some steel mills have advanced their annual overhaul to early or mid-July. It is expected that the production of molten iron will decline this week, and the fundamentals of iron ore demand remain weak. However, with the approaching of the Third Plenary Session of the 19th CPC Central Committee in mid-July, the macroeconomic expectations of the market are relatively optimistic, and market sentiment is gradually improving...

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Today, iron futures maintained its strong volatile trend. The main con - Shanghai Metals Market (SMM)