Dalian Iron Ore Prices Fluctuate Upwards Amid Supply Pressures

Publicado: Nov 18, 2024 17:50
Today, Dalian iron ore opened low and moved higher, fluctuating upward throughout the day. The most-traded contract I2501 finally closed at 761 yuan/mt, with a daily increase of 1.87%. Today's market trading atmosphere was quiet. Transaction prices increased by 15-20 yuan/mt compared to last Friday. This morning, boosted by positive news from market rumors, the most-traded iron ore contract I2501 surged significantly. However, from a fundamental analysis perspective, according to SMM shipping data, global iron ore shipments increased significantly last week, and supply remains abundant. Therefore, despite some market reactions, supply pressure still exists...

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Today, Dalian iron ore opened low and moved higher, fluctuating upward - Shanghai Metals Market (SMM)