Iron Ore Futures Surge Slightly Amid Increased Global Shipments and Construction Demand Boost

Publicado: Sep 9, 2024 16:53
Today, iron ore futures moved in a relatively strong and volatile manner, with the main contract I2501 closing at 685 yuan, up 0.44% for the day. The trading atmosphere in the market was average today. The transaction price increased by 0-3 yuan/ton compared with last Friday; last week, the total shipment of iron ore in the world was 34.33 million tons, up 15.5% from the previous week. Among them, shipments from Australia increased by 20.9% compared with the previous week; shipments from Brazil fell by 2.4% compared with the previous week; shipments from non-mainstream sources increased significantly, but affected by ore prices, the proportion of non-mainstream shipments to China fell sharply. In addition, SMM research found that recently, the weather has been cool, and the demand of some construction sites has increased, boosting market confidence. The apparent demand data need to be observed continuously in the later stage. Considering that...

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Today, iron ore futures moved in a relatively strong and volatile mann - Shanghai Metals Market (SMM)