Iron Ore Futures Decline with Weak Trading Sentiment

Publicado: Dec 18, 2024 16:41
Today, iron ore futures fluctuated downward. The most-traded I2505 contract finally closed at 778.5, down 2.63% throughout the day. Traders showed weak willingness to sell, while steel mills were cautiously observing, with purchase willingness slightly increasing. Market transactions were average today, and transaction prices fell by 10-15 yuan/mt compared to yesterday. This week, iron ore demand declined again. According to an SMM survey, as of December 18, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 85.47%, down 0.76 percentage points WoW. The capacity utilisation rate of blast furnaces was 87.01%, down 0.56 percentage points WoW. The daily pig iron production of the sample steel mills was 2.3476 million mt, down 15,000 mt WoW. In the short term, this trend is expected to continue, with pig iron production likely to see a slight decline in the near future...

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
Today, iron ore futures fluctuated downward. The most-traded I2505 con - Shanghai Metals Market (SMM)