Iron Ore Prices Fluctuate Upwards, but Caution Urged Amid Supply Pressures

게시됨: Jan 13, 2025 16:58
Today, iron ore fluctuated upward. The most-traded I2505 contract finally closed at 768.5 yuan/mt, up 1.92% for the day. Traders showed moderate enthusiasm in offloading goods. Steel mills remained cautious, purchasing as needed. The market's transaction atmosphere was average today. Transaction prices rose by 10-15 yuan/mt WoW compared to last Friday. This week's shipment volume declined significantly, but considering the high shipment volume for the entire month of December, January's port arrivals are expected to remain at a high level, with iron ore supply continuing to exert pressure on ore prices. Given the market's potential anticipation of an early end to restocking, caution is advised regarding the risk of ore prices pulling back after a rebound...

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