【SMM Steel Morning Meeting Summary: External Release Signals Bearish,

Published: Sep 22, 2023 07:45

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【SMM Steel Morning Meeting Summary: External Release Signals Bearish, Market Atmosphere Cooling Significantly】The iron ore resources in Liaodong region are still in a tense situation. Recently, the futures of iron ore have been fluctuating at a high level, and the mentality of mining and selection enterprises has been obviously boosted, with individual prices rising by 10 yuan/ton. It is understood that the tax-free ex-factory double zero sulfur of 65 grades of acid powder in the local area is 820-830 yuan/ton, and the high price sentiment is relatively obvious. Under the condition of narrowing profit space, traders have little operability and say it is difficult to receive goods and there is no deal at high prices. With the news of the large increase in the mid-month settlement of the leading steel mills, it has a certain support for the price, and it is expected that the local market price will still be in a firm state.

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