Iron Ore Futures Fluctuate Upwards, Boosted by Market Rumors and Steel Mill Purchases

Publicado: Nov 27, 2024 16:45
Today, iron ore futures fluctuated upward, with the most-traded contract I2501 closing at 792 yuan/mt, up 1.08% for the day. Traders were actively selling; steel mills remained cautious, with moderate purchase willingness. Today's market trading atmosphere was moderate. Transaction prices increased by 5-10 yuan/mt compared to yesterday. Market rumors suggest that the Politburo meeting in December might be held earlier, which has strengthened market expectations. Additionally, some steel mills have started purchasing imported cargo to increase inventory, providing strong support for ore prices...

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