Publicado: Jul 22, 2024 17:08
Today, the iron ore futures market experienced repeated fluctuations, with the main contract closing at 798.5, down 0.31% for the day. The overall market trading was sluggish today, and the trading price was basically the same as that of last Friday. According to SMM shipping data, the total global iron ore shipment reached 30.55 million tons, an increase of 9.1% from the previous week. Among them, the shipment volume of non-mainstream mines increased significantly, while the total shipment volume of Australia and Brazil increased slightly. Additionally, due to the high shipment volume in the early stage, the iron ore arrivals this week continued to increase slightly by 2.75%, reaching 27.45 million tons. Considering that the current steel mill profits can still be maintained, and the reduction in molten iron production is not significant, it provides support for iron ore prices. It is expected that iron ore prices will continue to fluctuate at a low level in the short term. .........

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Today, the iron ore futures market experienced repeated fluctuations, - Shanghai Metals Market (SMM)