Today, iron ore futures opened higher and closed lower, and震荡operated

Published: Jun 7, 2024 16:25

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Today, iron ore futures opened higher and closed lower, and震荡operated strongly throughout the day. The main contract finally closed at 839.5, with a daily increase of 0.72%. The overall market trading atmosphere today was general. The transaction price rose by 5 yuan/ton compared with yesterday. As of June 7, the total inventory of 35 ports tracked by SMM was 145.45 million tons, up 900,000 tons from last week and up 22.87 million tons year-on-year; the port inventory was relatively high, suppressing the upward trend of iron ore. However, the demand for iron ore is still acceptable, providing support for the ore price. The iron ore price is difficult to go up or down, and may continue to fluctuate in the short term.

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