Iron Ore Futures Surge Amid Strong Selling Interest and Inventory Replenishment Demand

Publicado: Sep 11, 2024 16:42
Today, iron ore futures opened lower but closed higher, with a relatively strong and volatile performance throughout the day. The main contract I2501 eventually closed at 694, with a daily increase of 1.09%. Traders showed strong willingness to sell, and speculative demand increased significantly. Some steel mills have demand for replenishing inventories, and their purchasing willingness has intensified. The trading atmosphere in the market today has improved. The transaction price of PB powder in Shandong is around 690-695 yuan/ton, up 5-10 yuan/ton from yesterday; the transaction price of PB powder in Tangshan is 700-710 yuan/ton, up 5-10 yuan/ton from yesterday...

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Today, iron ore futures opened lower but closed higher, with a relativ - Shanghai Metals Market (SMM)