Dashang iron ore futures rose, which news boosted?
2024-05-16 03:29:01
Gold Ten Futures, May 16, according to foreign media reports, iron ore futures rose on Thursday, as news that China is considering allowing local governments to buy unsold stock of housing boosted market sentiment and improved the demand outlook. Singapore iron ore futures also rose. Analysts at international brokerage FIS said, "We think the peak demand this year will last from late April to the end of May, supporting iron ore prices. Supporting factors also include the weakness of the US dollar, but steel profits with small profits but quick turnover may prevent prices from rising sharply." One analyst said, "Thanks to strong demand in the manufacturing industry, near-month contracts for rebar, hot coil, coking coal, coke and other varieties will maintain a positive arbitrage structure. With the latest stimulus measures, there is still room for improvement in construction steel consumption."
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
