Iron Ore Futures Extend Weak Decline; Market Sentiment Remains Pessimistic
게시됨: Mar 19, 2025 17:12
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Today, iron ore futures continued their weak downward trend, with the most-traded I2505 contract falling to a new low in March, finally closing at 760, down 2.12% for the day. Traders showed low enthusiasm for selling; steel mills purchased as needed; and market transaction sentiment was sluggish. Mainstream transaction prices dropped by 10-15 yuan/mt compared to yesterday. According to an SMM survey, as of March 19, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 87.25%, up 0.64 percentage points MoM. The daily average pig iron production of the sample steel mills was 2.3909 million mt, up 19,000 mt MoM. Additionally, SMM predicts that pig iron production will increase further in the coming weeks, providing some support for ore prices. However, due to the impact of the trade war and weak confidence in end-use demand, market sentiment remains pessimistic, and iron ore prices continue to face downward pressure. Attention will be on the apparent demand and inventory levels of the five major steel products tomorrow...
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.