Iron Ore Prices Decline Amid Weak Fundamentals and Falling Pig Iron Production

Publicado: Dec 27, 2024 18:36
[SMM Commentary: Pig Iron Production Continues to Decline, Fundamentals Remain Weak—What Is the Outlook for Iron Ore After Two Consecutive Weeks of Decline?] Lacking positive macro front drivers and with pig iron production declining for three consecutive weeks, the continued weakening of fundamentals has led to a persistently downward fluctuation in iron ore prices. As of the close of the daytime session on December 27, iron ore fell by 2.63%, settling at 759.5 yuan/mt. Iron ore futures also recorded a second consecutive weekly decline, with this week's weekly drop at 1.81%.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

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[SMM Commentary: Pig Iron Production Continues to Decline, Fundamental - Shanghai Metals Market (SMM)