Iron Ore Futures Close Lower Amid Volatile Trading; Outlook Mixed for Next Week

Publicado: Oct 18, 2024 15:42
Today, iron ore futures showed strength in the morning but weakened later, with a weaker and volatile trading session throughout the day. The main contract I2501 finally closed at 760.5, with a daily decline of 1.55%. Trading sentiment in the market today was relatively mediocre. The transaction price fell by 10-15 yuan/ton compared with yesterday; looking ahead to next week, the demand for iron ore is still expected to increase slightly. However, considering that the macro expectations will enter a vacuum period in the short term after being fulfilled, it is expected that iron ore prices will fluctuate widely next week...

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