Telah Terbit: Oct 23, 2023 17:44
According to SMM, today's futures market fluctuated, closing at 3572, down 1.57% from the previous trading day, and spot market prices fell by 10-40 yuan/ton. The influence of the domestic stock market being bearish continued, coupled with the pessimistic macro environment, the market ran at a low level throughout the day. On the demand side, the market sentiment cooled significantly, the trading atmosphere was cold, terminal purchases were mainly on demand, and transactions were weak throughout the day. Looking ahead, iron ore saw a top-down correction, the upward driving force of raw materials was insufficient, the cost support was weak, and the downside space was limited in the short term due to its own fundamentals and news; the supply and demand contradictions were gradually alleviated, but there was still a small increase in the supply of building materials in the near future, coupled with the lack of confidence in the market for the recovery of demand, or the rebound sentiment was suppressed. The price of finished products is limited both up and down, and it is expected to remain in a narrow range of shocks in the short term.

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According to SMM, today's futures market fluctuated, closing at 3572, - Shanghai Metals Market (SMM)