Further Upgrading News Today

Iron ore futures prices gained for the sixth consecutive trading day as of June 6, and the intraday contract once rose 3% to a high of 948 yuan/mt recorded on August 5, 2021. The contract retreated in afternoon trading, and finally closed the day with a gain of 0.65% at 925 yuan/mt. In the spot ...

On the whole, the demand recovered in east and north China before the Dragon Boat Festival, with a strong outlook on post-holiday production recovery. The average daily pig iron production has been at a high level, generating strong demand for iron ore.