Dalian Iron Ore Futures Fluctuate Upwards, Supported by Strong Material Data

Today, Dalian iron ore futures continued to fluctuate upward, with the most-traded contract I2501 closing at 777.5 yuan/mt, up 0.39% for the day. The market trading atmosphere was average. Transaction prices increased by 2-5 yuan/mt compared to yesterday's prices.

Overall data for the five major materials performed well, providing some support for ferrous metals series prices. Additionally, some inland steel mills have recently started purchasing dollar-denominated goods to replenish inventory. It is expected that ore prices will continue to fluctuate upward in the short term...