Dalian Iron Ore Futures Decline Amid Bearish Market Sentiment

Publicado: Dec 19, 2024 17:03
Today, Dalian iron ore futures continued to fluctuate downward, with the most-traded I2505 contract closing at 778.5 yuan/mt, down 1.08% for the day. Market transactions were sluggish today. Transaction prices fell by 0-5 yuan/mt compared to yesterday. The US Fed announced a 25-basis-point interest rate cut while signaling a slowdown in monetary easing next year. However, there were also reports suggesting that domestic RRR cuts or interest rate cuts are unlikely in the short term. Overall, market sentiment remained bearish. Although the industrial data for the five major steel products performed moderately today, the fundamentals of iron ore itself remained weak, and it may continue to fluctuate downward in the short term. ......

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