MMi Daily Iron Ore Report (Jan 9)

Published: Jan 9, 2025 17:57
Today, DCE iron ore futures opened lower but moved higher throughout the day, fluctuating upward. The most-traded I2505 contract finally closed at 754.5 yuan/mt, up 0.53% for the day. Traders showed moderate enthusiasm for selling, while steel mills purchased as needed.

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
[SMM Daily Chromium Review] Futures Rose While the Spot Market Remained Temporarily Stable, with Limited Adjustment in the Ferrochrome Market
1 hour ago
[SMM Daily Chromium Review] Futures Rose While the Spot Market Remained Temporarily Stable, with Limited Adjustment in the Ferrochrome Market
Read More
[SMM Daily Chromium Review] Futures Rose While the Spot Market Remained Temporarily Stable, with Limited Adjustment in the Ferrochrome Market
[SMM Daily Chromium Review] Futures Rose While the Spot Market Remained Temporarily Stable, with Limited Adjustment in the Ferrochrome Market
[SMM Chrome Daily Review: Futures Rose While Spot Held Temporarily Steady, Limited Adjustments in the Ferrochrome Market] March 26, 2026 News: Overseas chrome ore quotations were raised, while ferrochrome retail prices temporarily held steady...
1 hour ago
HRC Inventory in the Fourth Week of March 2026
1 hour ago
HRC Inventory in the Fourth Week of March 2026
Read More
HRC Inventory in the Fourth Week of March 2026
HRC Inventory in the Fourth Week of March 2026
This week, HRC social inventory was 3.4922 million mt, down 22,800 mt from the previous period, down 0.65% WoW, up 31.41% YoY, and up 20.59% on a lunar-calendar YoY basis. This week, HRC mill inventory was 1.159 million mt, down 48,700 mt from the previous period, down 4.0% WoW, up 3.60% YoY, and down 1.91% on a lunar-calendar YoY basis. This week, total HRC inventory was 4.6512 million mt, down 71,500 mt from the previous period, down 1.51% WoW, up 23.17% YoY, and up 14.07% on a lunar-calendar YoY basis.
1 hour ago
[SMM Iron & Steel] Hoa Phat Boosts Green Energy at Dung Quat Steel Complex
2 hours ago
[SMM Iron & Steel] Hoa Phat Boosts Green Energy at Dung Quat Steel Complex
Read More
[SMM Iron & Steel] Hoa Phat Boosts Green Energy at Dung Quat Steel Complex
[SMM Iron & Steel] Hoa Phat Boosts Green Energy at Dung Quat Steel Complex
Vietnamese steelmaker Hoa Phat Group has officially launched the second phase of a massive rooftop solar project at its Dung Quat steelmaking complex to enhance energy self-sufficiency and lower carbon emissions. This 22.5 MWp installation spans rolling mills, the hot-rolled coil production unit, and warehouses, generating roughly 32.8 million kWh annually. Set for full completion across five phases by the second quarter of 2027, the $22.7 million initiative will reach a total capacity of 79.2 MWp, cutting carbon emissions by more than 78,000 metric tons per year and improving the mill's export competitiveness in carbon-regulated markets like the EU.
2 hours ago
MMi Daily Iron Ore Report (Jan 9) - Shanghai Metals Market (SMM)