The rapid rise in iron ore prices has improved the pricing of fundamentals. Can the market outlook break through the 900 mark?
2024-04-25 02:39:07
Gold Ten Futures Special New Lake Futures Comments: The main contract of iron ore rose sharply for two consecutive days, with the highest intraday increase of 2.87% in the morning to 895.5. Fundamentally, the current is still in the stage of steel mills resuming production, superimposed "May Day" small holiday is approaching, steel mills are willing to take the initiative to replenish their warehouses, iron ore demand has improved significantly month-on-month, while the supply side performance is relatively stable. After the weather in Australia and Pakistan faded, shipments returned to normal levels. Overall, iron ore showed a pattern of double increase in supply and demand, but the rapid rise in prices has improved the pricing of fundamentals. Short-term funds and sentiment have a greater impact on the market. Yesterday, the warehouse restriction notice issued by big merchants after the market was cooling down, and the risk of continuing to chase up is high. It is recommended to operate
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