Iron Ore Market Fluctuates with Slight Closing Gain; Prices Expected to Remain Volatile
게시됨: Nov 12, 2024 17:17
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Today, the iron ore market experienced repeated fluctuations, with a slight uptick towards the closing session. The main contract I2501 eventually closed at 766, marking a daily increase of 0.26%. Traders demonstrated a reasonable willingness to offload their inventories; however, steel mills' purchasing intentions weakened compared to yesterday. Market trading activity was generally moderate today. Transaction prices rose by 5-10 yuan/ton compared to yesterday. From the fundamentals of iron ore, supply decreased while demand increased, providing some support to prices. Moreover, in the absence of disproving short-term policy expectations, sentiment is expected to return to rationality after venting. It is anticipated that iron ore prices will continue to fluctuate 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.