Iron Ore Futures Rebound Amid Strong Market Fluctuations; Prices Forecast to Remain Volatile in Short-Term

Publicado: Sep 19, 2024 16:47
Today, iron ore futures rebounded from the bottom, and the market fluctuated strongly throughout the day. The main contract I2501 finally closed at 693, up 1.69% for the day. The number of speculative transactions by traders increased; steel mills mainly took a wait-and-see attitude, with some planning to tender. The trading atmosphere in the market today was generally so-so. Transaction prices rose by 0-20 yuan/ton compared with yesterday; driven by macroeconomic factors and restocking before the holiday, iron ore prices are expected to continue to fluctuate on the strong side in the short term...

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