Domestic Iron Ore Prices To Rise Initially And Then Fall Back In June After Fundamentals Worsen

SHANGHAI, Jun 8 (SMM) – In June, domestic iron ore prices may show a trend of rising at first and then falling back. At the beginning of the month, domestic ore prices rose due to climbing imported ore prices and tight supply. High pig iron production will ensure strong iron ore demand and help sustain the upward trend of iron ore prices. However, sinter production restrictions in some areas and possible production cuts at blast furnace steel mills will weigh down domestic ore prices in the second half of the month.

More popular news

Fitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic Slowdown

Key Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment 

Tragedy of Electric Car Catching Fire Immediately After Collision In China’s Hangzhou City Renews Concerns Over Safety Of Nickel-Manganese-Cobalt (NMC 811) Battery

Oil Price Downturn To Reverse? Saudi Arabia "Declares War" On Bears, Bulls Betting On $100/barrel

China’s Central Bank Makes Huge Cash Withdrawals Today

Rumours Say Yunnan Will Grant 2 Million Kw Power To Local Aluminium Smelters To Resume Production After Being Disturbed By Power Rationing

Daily Updates on SHFE Base Metals and Stainless Steel Warrants, With Nickel Critically Low

Moody's Says US Debt Crisis And Abuse Of Sanctions Will Threaten US Dollar’s Dominance

South China Battles Power Crisis, The Worst This Year

Manufacturing PMI In Euro Zone And Germany Both Pick Up In May, But Still In Contraction Territory

Aluminium Ingot Inventories In China Fall To Alarmingly Low Level

Tightening Crackdowns Threaten To Tighten Iron Ore Supply In China

Fitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This Year

China’s Lithium Carbonate Output Recovered Noticeably In May And On Track To Grow Further In June Amid Optimistic Market Expectations

China’s Lithium Hydroxide Output Poised To Recover Further In June With Market Betting On Demand Recovery For High-Nickel Ternary Materials

ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In China

One Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate Prices

BHP Plans To Expand Iron Ore Production Aggressively