Publicado: Jul 5, 2024 16:58
The iron ore market showed a weak and volatile performance today. The main contract closed at 845.5, down 2.03% for the whole day. The enthusiasm of traders in selling has declined; steel mills are cautious and the willingness to purchase is moderate. Overall, the market trading atmosphere was desolate today. The transaction price fell by 15 yuan/ton compared with yesterday. Looking ahead to the next period, according to SMM tracking, steel mills' blast furnace molten iron is showing a downward trend to the top. Considering the current off-season demand for steel, the pressure on steel inventory accumulation still exists, and iron ore prices will still be under pressure in the short term.

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The iron ore market showed a weak and volatile performance today. The - Shanghai Metals Market (SMM)