Telah Terbit: Jun 14, 2024 16:36
Today’s iron ore market showed a strong volatile trend. The main contract closed at 827.5 with a daily gain of 1.97%. Traders were generally active in selling. Near the weekend, coupled with the rise in the market, steel mills’ willingness to purchase was weakening. The overall market trading atmosphere was average today. Transaction prices rose by 10-20 yuan/ton compared with yesterday. As of June 14, the inventory of 35 ports tracked by SMM totalled 145.23 million tons, a decrease of 220,000 tons from the previous week and an increase of 20.58 million tons year on year. The daily average port discharge volume of imported ore was 2.995 million tons, a decrease of 33,000 tons from the previous week and an increase of 18,000 tons year on year. Taking into account the recent release of pessimistic sentiment, the market sentiment has improved, coupled with favorable market rumors, the ore price continued to show a strong volatile trend.

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Today’s iron ore market showed a strong volatile trend. The main contr - Shanghai Metals Market (SMM)