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Iron Ore Futures Hit 10-Month High, with Focus on Demand Recovery and Policy Orientation - Vimarsana News

Iron Ore Futures Hit 10-Month High, with Focus on Demand Recovery and Policy Orientation

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 ...

Iron Ore Futures Hit 10-Month High, with Focus on Demand Recovery and Policy Orientation_SMM - Vimarsana News

Iron Ore Futures Hit 10-Month High, with Focus on Demand Recovery and Policy Orientation_SMM

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.

Source: metal.com