Iron Ore Futures Fluctuate Upwards, Closing at 812.5 Yuan/mt with Daily Gain of 1.25%

Publicado: Dec 12, 2024 16:52
Today, iron ore futures opened low and closed high. Throughout the day, they fluctuated upward, finally closing at 812.5 yuan/mt, with a daily increase of 1.25%. Traders were actively selling, while steel mills purchased as needed. Today's market transactions were sluggish. In Shandong, the mainstream transaction prices for PB fines were 795-800 yuan/mt, up 5 yuan/mt from yesterday; in Tangshan, the transaction prices for PB fines were 805-810 yuan/mt, also up 5 yuan/mt from yesterday. According to today's SMM industry data, the apparent demand for the five major steel products slightly increased again. Total inventory continued to decline. The supply-demand imbalance for finished steel products was moderate and continued to accumulate. In terms of market news, there were rumors that an important economic work conference had concluded, with some positive policy signals circulating. These messages somewhat boosted market sentiment, driving a strong rise in iron ore prices.

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