Iron Ore Futures Fluctuate Upwards Amid Strong Selling Willingness and Pre-Holiday Restocking

Publicado: Jan 14, 2025 16:55
Iron ore futures fluctuated upward after opening today. The most-traded I2505 contract finally closed at 783 yuan/mt, up 2.22% for the day. Traders showed a strong willingness to sell. Steel mills were cautious in procurement, with a strong wait-and-see sentiment. Today's market transaction atmosphere was average. In Shandong, mainstream transaction prices for PB fines were at 780-785 yuan/mt, up 10-15 yuan/mt from yesterday; in Tangshan, transaction prices for PB fines were around 800-805 yuan/mt, also up 10-15 yuan/mt from yesterday. Macro news increased today, and market sentiment continued to recover. Iron ore followed the upward fluctuation of black commodities. In the short term, supported by pre-holiday restocking, iron ore demand remains strong. It may continue to fluctuate upward in the near term...

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Iron ore futures fluctuated upward after opening today. The most-trade - Shanghai Metals Market (SMM)