Publicado: Jul 8, 2024 16:37
Today, iron futures saw a significant drop, with the main contract closing at 825.5, down 3.34% throughout the day. Traders' enthusiasm for selling was low; some steel mills purchased according to their needs, with few inquiries. The overall market trading atmosphere was cold today. The transaction price fell by 10-20 yuan/ton compared with Friday's price. Last week, the total shipment of iron ore worldwide was 34.32 million tons, down 2.3% from the previous week. Both Australia and Brazil saw declines in shipments. The total volume of iron ore arriving in China was 24 million tons, down 6.03% from the previous week. Overall, iron ore shipments and arrivals remain at high levels; however, considering the blast furnace maintenance situation this week according to SMM, it is estimated that molten iron production will slightly decrease; iron ore inventories may continue to accumulate. Additionally, terminal demand...

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Today, iron futures saw a significant drop, with the main contract clo - Shanghai Metals Market (SMM)