Iron Ore Market: Average Trading Sentiment Amid Potential Price Growth with Fluctuations Forecasted

Publicado: Oct 12, 2024 17:14
The trading atmosphere in the market today is average. The transaction price increased by 20-25 yuan/ton compared with yesterday; in terms of fundamentals, steel mills have performed well in profits recently, with high enthusiasm for resuming production, and there is still room for further growth in molten iron output. In terms of supply, there is little change, and port inventories may still increase. Although the fundamentals of iron ore have improved, they are still in a state of oversupply. It is expected that iron ore prices will have room for growth next week, but fluctuations are also prone to occur...

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The trading atmosphere in the market today is average. The transaction - Shanghai Metals Market (SMM)