Dalian Iron Ore Futures Fluctuate Upwards Despite Inventory Accumulation

Publicado: Jan 2, 2025 16:32
Today, Dalian iron ore futures fluctuated upward throughout the day. The most-traded I2505 contract ultimately closed at 782 yuan/mt, rising slightly by 0.64% for the day. Market trading sentiment was average today. Transaction prices increased by 5 yuan/mt compared to Tuesday's prices. Industry data released today showed a turning point in total inventory, with inventories beginning to accumulate slightly. Apparent demand declined significantly, and the off-season effect became more pronounced. However, pig iron production is expected to stabilize next week, and raw material restocking by steel mills is anticipated to grow. Iron ore prices have some support and may continue a fluctuating upward trend in the short term...

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