DCE Iron Ore Futures Fluctuate Downwards Amid Mixed Market Sentiment
게시됨: Feb 5, 2025 17:10
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Today, DCE iron ore futures moved downwards after a higher opening, fluctuating downward throughout the day. The most-traded I2505 contract finally closed at 801, down 0.99% for the day. On the first trading day after the holiday, traders actively offered goods. Steel mills made numerous inquiries but remained cautious in their purchases. Market transactions were sluggish today, with transaction prices basically stable compared to pre-holiday levels. According to an SMM survey, as of February 5, the daily average pig iron production of 242 sampled steel mills surveyed by SMM was 2.3791 million mt, up 15,000 mt MoM. Pig iron production increased slightly. Coupled with post-holiday restocking demand from steel mills, overall demand for iron ore remained robust, providing some support to ore prices. However, downstream real demand is still in the verification phase, and market sentiment appeared slightly pessimistic. In the short term, the tug-of-war between longs and shorts is expected to continue, and ore prices may fluctuate rangebound.
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.