MMi Daily Iron Ore Report (December 12)

Iron ore futures on the Dalian Exchange traded sideways in the morning session today. Influenced by market news, prices saw a sharp decline in the afternoon. The main contract I2605 ultimately closed at 757, down 1.3% from the previous trading day.

Today, iron ore prices shifted from weak to strong, with the main contract I2605 closing at 769, up 1.85% from the previous trading day.

In November, China imported 110.54 million tons of iron ore and concentrates, declined 769,000 tons MoM, a decrease of 0.7% MoM. Cumulative imports from January to November totaled 1.139202 billion tons, up 1.4% YoY.

Iron ore experienced a weak and volatile trend today, with the main contract I2605 closing at 760.5, down by 1.43% compared to the previous trading day. Traders adjusted their shipments according to market conditions,

Today, Iron ore futures were in the doldrums , with the most-traded contract I2601 closing at 794.5, down 0.63% from the previous trading day. Traders sold at market prices, while steel mills purchased as needed. Market trading activity was moderate. In Shandong, PB fines traded at 790-794 yuan/mt

Iron ore futures continued to climb today, with the most-traded contract I2601 hitting a high of 803.5 and finally settling at 801, up 1.14% slightly from the previous trading day. Traders showed high enthusiasm for selling,

As of November, the SGX iron ore December futures price rebounded after a brief decline at the beginning of the month. The fluctuation in iron ore prices was mainly due to unmet market expectations regarding the reduction in hot metal output, coupled with a slight recent improvement in the fundamental supply-demand relationship.

To better serve our customers and enhance the efficiency of the SMM database, we will be optimizing and adjusting certain iron ore data. This adjustment primarily concerns the iron ore spot price section, with details as follows:1. Discontinued Data

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