Steel Futures Soar 4.58% on Strong Shipment Sentiment; Iron Ore Demand Weighs on Further Rally
게시됨: Aug 21, 2024 16:35
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Today, steel futures opened high and continued to rise, with the main contract I2501 surging to a close at 742, marking a full-day increase of 4.58%. Traders' enthusiasm for shipments has significantly improved. Steel mills have become more cautious, with generally weak procurement intentions. Overall, the market trading atmosphere today was acceptable. Spot transaction prices rose by 15-20 yuan/ton compared to yesterday; meanwhile, expectations for improved demand during the peak season have strengthened, boosting market sentiment and driving a significant rise in ferrous metal commodities. However, this week, SMM reported that the blast furnace operating rate was 91.42%, a decrease of 0.95% from the previous week. The average daily output of molten iron from sampled steel mills was 2.2421 million tons, a decrease of 25,100 tons from the previous week. The demand for iron ore is still declining, and the pressure on iron ore remains, which may be insufficient to sustain further gains...
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.