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[SMM News] the price of iron ore rose nearly 720 yuan / ton across the black line, the highest so far this year.
May 21,2020 14:33CST
translation
Source:SMM
[SMM News: black iron ore futures rose nearly 720 yuan / ton at one point, the highest so far this year.] this afternoon, black was stable in the late morning and went higher across the board. Among them, iron ore 09 contract rose 1.7% to 719.5 yuan / ton, the highest since August last year. Steel products that were pulled back yesterday due to the relaxation of production restrictions also began to rise. As of press time, the thread 10 contract rose nearly 0.6% to 3562 yuan / ton, and the hot coil rose nearly 0.6% to 3470 yuan / ton.
The content below was translated by Tencent automatically for reference.

SMM5 March 21 News: today afternoon, the black department changed to a stable late morning, the whole line went higher. Among them, iron ore 09 contract rose 1.7% to 719.5 yuan / ton, the highest since August last year. Steel products that were pulled back yesterday due to the relaxation of production restrictions also began to rise. As of press time, the thread 10 contract rose nearly 0.6% to 3562 yuan / ton, and the hot coil rose nearly 0.6% to 3470 yuan / ton.

SMM tracking data show that the last phase of the arrival of cargo is expected to be 13.51 million tons, arrival volume decreased by 540000 tons month-on-month. Short-term Brazilian iron ore shipments may be difficult to see a significant increase, spot prices are strongly supported.

In addition, the third session of the 13th CPPCC National Committee will open at 3 pm on May 21 in the Great Hall of the people in Beijing. As the opening time approaches, market sentiment will further improve.

And prior to this, Shahe City carried out a large-scale safety inspection of explosion-related enterprises, resulting in a boost when the subway mine stopped production. Xingtai is strictly overhauled by safety and environmental protection, and the local mine just resumed production at the beginning of May. At present, the local mine has said that it has stopped production. "[SMM News] # Xingtai # Shahe City has carried out a large-scale safety inspection of explosion-related enterprises when the subway mine has stopped production.

 

 

 

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