Iron Ore Prices Rise Despite Sluggish Trading Sentiment; Fundamentals Overshadowed by Macroeconomic Optimism
게시됨: Sep 29, 2024 16:48
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There was no on-screen guidance today, but iron ore prices continued to rise as they surged significantly in the overnight session on Friday. Trading sentiment among traders was relatively positive; however, steel mills showed weaker willingness to purchase. Trading activity in the market today was sluggish. Transaction prices hovered around 765-775 yuan/ton, an increase of 25-35 yuan/ton from last Friday. Recent frequent macroeconomic policies have reversed pessimistic sentiment, with macroeconomic impacts outweighing fundamentals. Additionally, weekly data from the industrial sector also showed marginal improvement, with steel mill profits continuing to improve and blast furnace production resuming with increased enthusiasm. It is expected that crude steel output will continue to rebound next week. In the short term, iron ore prices will maintain their upward momentum. .........
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.