DCE Iron Ore Inched down on Poor Downstream Demand

SHANGHAI, Mar 27 (SMM) - Last week, iron ore prices were still greatly affected by national regulation and international environment. Iron ore futures first went down and rallied slightly at the end of Friday as market pessimism eased. In addition, the poor data in the downstream of the industrial chain caused pessimism in the iron ore market.

From a fundamental point of view, overseas shipments have declined slightly, and the volume of arrivals has decreased significantly. Combined with pig iron output returning to a relatively high level, port inventories declined again. The trading volume and open interest of the most active I2305 contract both decreased.