Iron Ore Futures Fluctuate Weakly; Market Sentiment Remains Cautious

Publicado: Sep 9, 2024 07:37
[SMM Steel Morning Meeting Summary: Iron Ore Prices May Continue Weak Fluctuations] Last Friday, iron ore futures continued to trade weakly with fluctuations. The main contract I2501 increased its positions in the morning and declined, while some short-sellers exited the market in the afternoon, leading to a slight rebound in the session and a final close at 684, with a full-day decline of 0.07%. As the weekend approached, traders showed weaker willingness to sell. Steel mills' inquiries were fair, but their willingness to purchase was average. The market trading atmosphere remained bleak. The transaction price of PB fines in Shandong was around 685-690 yuan/ton, an increase of 5 yuan/ton from the previous day; PB fines in Tangshan...

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