MMi Daily Iron Ore Report (April 25)

Today, the DCE iron ore futures contract remained stable in the morning but pulled back significantly in the afternoon, trading in the doldrums throughout the day. The most-traded contract I2509 finally closed at 709, with a daily decline of 1.87%. Traders' willingness to sell was moderate, while steel mills showed good restocking demand, particularly at lower levels. The market transaction atmosphere was moderate.