MMi Daily Iron Ore Report (Dec 5)

Published: Dec 5, 2024 18:10

Save

Today, iron ore futures opened higher but moved downwards, continuing to fluctuate downward throughout the day. The most-traded contract I2501 finally closed at 800.5 yuan/mt, down 1.17% for the day.

》Click to download the PDF and view the whole report

SMM price

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 to learn 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

2 hours ago

Construction Steel Inventory Growth Slows, Destocking Phase Expected Next Week

This week, total rebar inventory stood at 8.3525 million mt, up 57,800 mt WoW, or 0.7% (previously +3.46%). Compared with the same period of the lunar calendar last year, it increased by 281,200 mt, or 3.48% (previously +4.58%).

2 hours ago

3 hours ago

SMM Survey: Hot Metal Production Saw Notable Recovery amid Weaker Impact From Environmental Protection Restrictions

According to the SMM survey, as of March 18, the blast furnace operating rate at the 242 steel mills tracked by SMM was 87.16%, up 1.17 percentage points WoW.

3 hours ago

【SMM Analysis】Middle East Turmoil Triggers Trade "Mismatch": China Accelerates to Fill 2.3 MT Supply Vacuum in SEA

Middle East tensions have sparked a massive steel trade "mismatch." Iran's blocked exports created a 2.3-million-ton billet vacuum in Southeast Asia, while the Red Sea crisis stalled China's flat steel shipments to the Gulf. Consequently, China and India are rapidly absorbing SEA's diverted billet orders. SMM projects that blocked flat steel returning to China's domestic market, combined with surging overseas billet demand, will accelerate the narrowing of the domestic HRC-rebar spread.

3 hours ago