Iron Ore Futures Weaken with Cautious Market Sentiment; Eyes on Real Estate Policy Ahead

게시됨: Oct 16, 2024 16:56
Today, iron ore futures showed a weak and volatile trend. The main contract I2501 finally closed at 782.5, with a daily decline of 1.88%. Traders were not very enthusiastic about shipping goods; steel mills were cautious and mainly purchased on demand. The market trading atmosphere was average today. The transaction price fell by 5-10 yuan/ton compared with yesterday; we should pay attention to the demand and inventory data of the five major materials tomorrow. In terms of macroeconomics, the State Council Information Office will hold a press conference tomorrow to introduce the situation of the real estate industry, and the market expects new policies to be introduced. It is expected that iron ore prices may fluctuate on the strong side...

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.

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Today, iron ore futures showed a weak and volatile trend. The main con - Shanghai Metals Market (SMM)