Dalian Iron Ore Prices Fluctuate Amid Declining Global Shipments and Policy Uncertainty

Publicado: Jan 20, 2025 17:00
Today, Dalian iron ore fluctuated repeatedly throughout the day. The most-traded I2505 contract ultimately closed at 800.5 yuan/mt, up 0.13% for the day. The spot market saw average transaction sentiment today, with transaction prices down 0-5 yuan/mt WoW from last Friday. According to SMM shipping data, global iron ore shipments totaled 26.84 million mt last week, down 6.7% WoW. Meanwhile, China's iron ore arrivals during this period totaled 21.76 million mt, down significantly by 17.75% WoW. Overall supply decreased significantly, easing supply and demand pressure. However, due to market uncertainty regarding policies under Trump's administration, risk aversion sentiment was notable, leading to price fluctuations. In the short term, special attention should be paid to the impact of this news on the market... ...

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Today, Dalian iron ore fluctuated repeatedly throughout the day. The m - Shanghai Metals Market (SMM)