Publicado: Oct 19, 2023 17:53
According to SMM, today's iron futures opened low and closed high, with a strong shock throughout the day. The main contract I2401 finally closed at 871.5, up 0.4% for the day. Traders actively shipped out, steel mills increased their purchasing willingness, mainly for replenishing stocks. The overall market turnover atmosphere was general today. PB powder transaction prices in Shandong area were 935-940 yuan/ton, up 0-6 yuan/ton from yesterday. PB powder transaction prices in Tangshan area were 957-960 yuan/ton, basically flat from yesterday. According to SMM steel data, after the impact of typhoon and other factors, the apparent demand for building materials has obviously increased. At the same time, the conflict between Palestine and Israel stimulated the export of some terminal varieties, which also drove the demand for plate products to increase slightly, and market confidence improved. Combined with the recent steel mills' shipments being still acceptable, blast furnace maintenance plans stagnating, iron ore output remaining high, ore prices being supported, and short-term changes unlikely.

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn