Dalian Iron Ore Futures Fluctuate Upwards Amid Moderate Demand

Publicado: Jan 21, 2025 16:35
Today, Dalian iron ore futures fluctuated upward. The most-traded I2505 contract finally closed at 804.5 yuan/mt, up 0.56% for the day. Traders showed moderate willingness to sell. Steel mills remained cautious, with limited inquiries. Today's market transaction atmosphere was moderate. In Shandong, mainstream transaction prices for PB fines were 790-795 yuan/mt, up 5 yuan/mt from yesterday; in Tangshan, transaction prices for PB fines were around 815 yuan/mt, also up 5 yuan/mt from yesterday. According to SMM statistics, the impact of blast furnace maintenance on pig iron production this week was 1.7632 million mt, down 112,400 mt WoW. This week's pig iron production showed moderate growth. Coupled with some steel mills still having minor restocking needs, overall demand for iron ore was relatively strong. Additionally, the steel export tariff policy was better than expected, boosting market sentiment. Iron ore prices continued to fluctuate upward.

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