Dalian Iron Ore Futures Fluctuate, Demand Weakens Amid Maintenance Plans

Publicado: Dec 25, 2024 16:14
Today, Dalian iron ore futures fluctuated repeatedly. The most-traded I2505 contract finally closed at 776 yuan/mt, remaining stable compared to yesterday. Traders showed moderate willingness to sell. Steel mills purchased as needed, with inquiries increasing compared to the previous two days. Market transactions were average today. Transaction prices fell by 0-10 yuan/mt compared to yesterday. On December 25, SMM reported that the operating rate of blast furnaces at 242 steel mills was 85.37%, down 0.1 percentage points WoW. The daily pig iron production of sample steel mills averaged 2.3446 million mt, down 3,000 mt WoW. Moreover, several blast furnaces have reported maintenance plans for January, further weakening iron ore demand. Additionally, there is no positive macro news in the short term, and ore prices are expected to struggle for a sustained rebound this week, likely continuing to fluctuate downward. ......

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