MMi Daily Iron Ore Report (Jan 2)

Published: Jan 2, 2025 17:54

Save

Today, Dalian iron ore futures opened lower but closed higher, fluctuating upward throughout the day. The most-traded contract I2505 finally settled at 782 yuan/mt, rising slightly by 0.64% for the day. Traders showed moderate willingness to sell, while some steel mills purchased as needed.

》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 for 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

5 hours ago

[SMM Analysis]Expectations Game under Cost Squeeze – September Outlook for Coking Coal, Coke, and Iron Ore

5 hours ago

[SMM Coal Flash] Indonesia’s ESDM Projects 2026 Coal Production at 720 Mt

Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has projected domestic coal production to reach 720 million tonnes this year. The projection is based on coal production of 423 million tonnes from January to July 2026, averaging around 60 million tonnes per month. The revised 2026 RKAB production quotas are being approved progressively.

5 hours ago

7 hours ago

MMi Daily Iron Ore Report (September 16)

Iron ore prices strengthened somewhat in the afternoon today. The DCE main contract I2701 closed at 709 yuan/ton, up 0.14% from the previous trading day.

7 hours ago