Today, iron futures maintained its strong volatile trend. The main con

Published: Jul 2, 2024 16:58

Save

Today, iron futures maintained its strong volatile trend. The main contract finally closed at 843, with a daily increase of 1.44%. The overall trading atmosphere in the market today was average. The transaction price increased by 0-10 yuan/ton compared with the price yesterday; due to poor sales in recent days, some steel mills have advanced their annual overhaul to early or mid-July. It is expected that the production of molten iron will decline this week, and the fundamentals of iron ore demand remain weak. However, with the approaching of the Third Plenary Session of the 19th CPC Central Committee in mid-July, the macroeconomic expectations of the market are relatively optimistic, and market sentiment is gradually improving...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

44 mins ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

44 mins ago

1 hour ago

[ Canada to Impose 50% Retaliatory Tariff on US Steel ]

The Canadian government announced a 50% retaliatory tariff on United States exports of steel and aluminum, scheduled to take effect on September 8, 2026. The aggressive trade measure directly responds to the recent collapse of bilateral metal trade negotiations and the implementation of US tariffs. The cross-border penalties threaten to heavily disrupt integrated North American steel supply chains ahead of the fast-approaching deadline.

1 hour ago

[ Bharat Coking Coal Output Grows 2.8% in August ]

Bharat Coking Coal Limited (BCCL) announced that its coking coal production increased by 2.8% year-on-year to 2.18 million tonnes in August 2026. Despite a sharp 65.9% drop in non-coking coal output, the core metallurgical segment drove total raw coal production to 2.21 million tonnes for the month. Opencast mining operations were the primary contributors to this volume, generating 2.19 million tonnes of the total yield.

1 hour ago