Publicado: Aug 9, 2024 16:50
This morning, iron ore futures rebounded significantly, but retreated again in the afternoon, experiencing strong volatility throughout the day. The main contract I2501 closed at 741.5 yuan, with a daily increase of 0.27%. Traders sold their inventories according to market conditions; steel mills made fewer inquiries as the weekend approached. The overall trading atmosphere in the market today was average. Transaction prices rose by 5-15 yuan/ton compared with yesterday; considering that pig iron production may decline significantly next week, the fundamentals of iron ore remain weak in the short term, and it is difficult for ore prices to experience upward momentum......

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This morning, iron ore futures rebounded significantly, but retreated - Shanghai Metals Market (SMM)