Dalian Iron Ore Futures Fluctuate Upwards Amid Strong Short-term Support

Publicado: Jan 15, 2025 16:28
Today, Dalian iron ore futures continued to fluctuate upward. The most-traded I2505 contract ultimately closed at 782.5, up 0.71% for the day. Traders showed relatively high enthusiasm for selling, with a strong sentiment to stand firm on quotes. Steel mills were cautious in procurement, and some mills have tender plans. Today's market trading volume was average. Transaction prices remained stable compared to yesterday. According to SMM's forecast based on steel mill blast furnace maintenance and production resumption plans, pig iron output is expected to see incremental growth over the next two weeks. Considering the relatively small inventory pressure on the industrial side and the rebound in steel mill profits, short-term support remains strong, and ore prices are expected to continue fluctuating upward this week. ......

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Today, Dalian iron ore futures continued to fluctuate upward. The most - Shanghai Metals Market (SMM)