Dalian Iron Ore Futures Decline, Supply Pressure Eases Amid Shipping Changes

Publicado: Jan 6, 2025 17:53
Today, Dalian iron ore futures continued to decline. The most-traded I2505 contract closed at 751.5, down 2.21% for the day. Today's trading sentiment was average. Transaction prices fell by 10-15 yuan/mt compared to last Friday. This week, shipments from Australia to China decreased significantly, while Brazil's share of shipments to China saw a substantial increase. Overall, the supply of imported ore declined, easing supply pressure. Considering the current pre-holiday restocking concentration and the rebound in pig iron production, ore prices received some support. The downward space for iron ore is expected to be relatively small...

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Today, Dalian iron ore futures continued to decline. The most-traded I - Shanghai Metals Market (SMM)