Iron Ore Futures Decline Amid Moderate Trading and Mixed Industry Data

게시됨: Nov 14, 2024 17:15
Iron ore futures experienced weaker and volatile trading today. The main contract I2501 closed at 756, with a full-day decline of 1.37%. Trading activity in the market was generally moderate today. Transaction prices fell by 5-10 yuan/tonne compared to yesterday; Important industry data was released today, showing a slight decline in total crude steel production, accompanied by a slight decrease in apparent demand. Total inventories continued to decline, but the rate of decline narrowed. Overall, the data performance was decent. However, the positive real estate policies announced yesterday failed to meet expectations, leading to weaker market sentiment and dragging down iron ore futures and spot prices slightly...

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