Today, the iron ore futures turned from weak to strong, with the most-traded contract I2601 closing at 790.5, up 1.74% from yesterday. Traders showed moderate willingness to sell; steel mills adopted a wait-and-see sentiment and purchased as needed, while some mills with better finished product sales actively restocked.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.