Goldman Sachs raised its near-term iron ore price forecast to $100 a tonne.
The main contract for iron ore futures in Singapore fell nearly 3% to $98.2 a tonne.
The main iron ore contract fell by 2.00% during the day, and is now reported at 765.00 yuan/ton.
Open night trading, alumina, iron ore main contracts rose more than 1%, rubber, Shanghai nickel rose nearly 1%; decline, cotton yarn, vegetable oil fell nearly 1%.
From the time of settlement on December 6, 2024 (Friday), the price limit for iron ore futures contracts will be adjusted from 11% to 9%, the margin level for speculative transactions will be adjusted from 15% to 11%, and the margin level for hedging transactions will remain unchanged at 11%.
The main iron ore contract rose by more than 2.00% during the day, and is now reported at 804.50 yuan/ton.
Black futures rose in the short term, the main contract of iron ore rose by nearly 3%, the main contract of thread, coking coal and coke rose by nearly 2%, and the main contract of hot coil rose by more than 1%.
The main contract for iron ore futures in Singapore rose more than 3% to $99.70/ton. The main contract for iron ore futures on the Daimang Exchange rose nearly 2% to 760 yuan/ton.
The main iron ore contract continued to decline, with the decline widening to 3% and now reported at 761 yuan/ton.
Gold Ten Futures on October 28, according to the feedback from traders, if the steel mill has a large loss, it can consider appropriate winter storage. Since 2025 is a big year of supply increase, the supply pressure will theoretically reach the largest since 2019, and before the 2501 contract, the pressure of the world's major mines to complete this year's production and sales targets is not large. The supply impulse in the fourth quarter is expected to be insufficient. If the current demand ca...