Summary of SMM Steel Morning Meeting: Futures Market Shocks and Drops,

Published: Nov 20, 2023 06:41

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Summary of SMM Steel Morning Meeting: Futures Market Shocks and Drops, Spot Market Transactions Weakens. On Friday, the main contract I2401 closed at 951.5, down 0.47%. On Friday, iron ore traders had a moderate willingness to ship, steel mills purchased on demand, and the overall trading atmosphere was general. PB powder transaction prices in Shandong were concentrated around 975 yuan/ton, and PB powder transaction prices in Hebei were concentrated around 985-1000 yuan/ton, slightly lower than the previous day.

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