Publicado: Aug 6, 2024 17:04
Today, iron ore prices showed a relatively weak and volatile trend, with the main contract closing at 763, down 1.42% for the day. The overall trading sentiment in the market was generally moderate today. Transaction prices declined by 5-10 yuan/ton compared with yesterday's prices; the reduction in molten iron in August was significant, leading to a notable decline in demand for iron ore. The contradiction between supply and demand of iron ore has intensified, suppressing the upside potential of iron ore prices. Considering that terminal demand is still in the off-season and market sentiment is not optimistic, it is expected that iron ore prices will continue to fluctuate weakly in the short term. .........

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