Iron Ore Futures Undergo Contract Rollover, Prices Decline Amid Environmental Restrictions

게시됨: Dec 11, 2024 16:46
Today, the iron ore futures underwent a contract rollover, with the most-traded contract switching to the I2505 contract. Throughout the day, it fluctuated downward and eventually closed at 802, down 0.8% for the day. Today's market transaction atmosphere was average. Transaction prices fell by 5 yuan/mt compared to yesterday. According to an SMM survey, on December 11, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 86.23%, down 2.71 percentage points MoM. The daily average pig iron production of the sample steel mills was 2.3626 million mt, down 47,500 mt MoM. Recently, due to environmental protection-driven production restrictions in Hebei, many steel mills have shut down their blast furnaces, leading to a significant decline in pig iron production. This has caused iron ore prices to fluctuate downward. Considering that important meetings are still being held recently, the downward space for iron ore is relatively limited. Attention should be paid to the impact of economic meeting content on market sentiment.

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, the iron ore futures underwent a contract rollover, with the mo - Shanghai Metals Market (SMM)