Iron Ore Futures Extend Weak, Volatile Trend; Market Subdued
게시됨: Nov 11, 2024 16:35
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Today, iron ore futures continued their weak and volatile trend. The main contract I2501 closed at 762, with a full-day decline of 2.87%. Traders generally had moderate willingness to ship goods; steel mills were cautious in procurement, mainly buying on an as-needed basis. The market trading atmosphere today was generally subdued. Prices in Shandong fell by 10-15 yuan/ton compared to last Friday; SMM's total global iron ore shipments amounted to 30.31 million tonnes, a decrease of 11.6% from the previous week. The pressure on iron ore supply eased slightly, and if steel mills conduct low-level inventory replenishment, port inventories are expected to decline further. This week marks a lull in macroeconomic policy, and price influencing factors may become more reliant on fundamentals. It is necessary to pay attention to the apparent demand and inventory changes of finished steel products this week...
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.