Today, iron ore prices fell sharply, with the main contract I2501 clos

Published: Aug 8, 2024 17:14

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Today, iron ore prices fell sharply, with the main contract I2501 closing at 729.5, a decline of 3.63% for the day. Traders' willingness to ship goods deteriorated; steel mills mainly purchased as needed. The overall market trading atmosphere was average today. Transaction prices fell by 5-15 yuan/ton compared with yesterday; the number of blast furnace overhauls in steel mills is expected to further increase, exacerbating negative feedback pressure. Iron ore prices fell sharply, hitting a new low in nearly four months. Considering that iron ore demand may continue to decline in the future, iron ore prices may maintain weak fluctuations in the short term...

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