Iron Ore Futures Surge 4.64% Amid Macro Policy Boost and Moderate Trading Activity

Publicado: Sep 24, 2024 16:59
Today, iron ore futures opened lower but closed higher, with a significant increase throughout the day. The main contract I2501 eventually closed at 699.5, marking a 4.64% increase for the day. Traders exhibited moderate enthusiasm in shipping out goods, with slightly increased speculative trading volumes. Steel mills have become more cautious, with some purchasing based on demand. The overall trading atmosphere in the market today was average. Transaction prices rose by 20-35 yuan/ton compared to yesterday; The People's Bank of China announced a series of real estate policies aimed at stabilizing growth today, including reductions in down payments and interest rates for existing home loans, which boosted market sentiment at the macro level, leading to a notable surge in prices......

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