SMM daily review and forecast for iron ore market

게시됨: Jul 20, 2023 18:14
출처: SMM
The most-traded I2309 iron ore contract closed up 1.74% at 849.5 yuan/mt today.

The most-traded I2309 iron ore contract closed up 1.74% at 849.5 yuan/mt today. Selling appetites from iron ore traders were acceptable, while steel mills purchased on a need-to basis. Trading sentiment was fair. The transaction price of PB fines in Shandong were mostly 883-893 yuan/mt, up 11-13 yuan/mt than yesterday. The recent production cuts and crude steel production restrictions kept giving the market jitters, but operating rate of steel mills was high, boosted by good profits. However, production restrictions of sinter units caused by environmental protection remained, and may be reinforced in the future. The current market sentiment changed greatly. But fundamentals had little impact on iron ore. It is expected that iron ore prices will still be volatile in the short term.

데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.

문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn
SMM daily review and forecast for iron ore market - Shanghai Metals Market (SMM)