SMM

Today, Dalian iron ore futures fluctuated downward. The most-traded I2505 contract finally closed at 806.5 yuan/mt, with a daily decline of 0.92%. Traders showed moderate willingness to sell, while steel mills remained cautious and purchased as needed. Market transactions were moderate. Mainstream transaction prices dropped slightly by 5 yuan/mt compared to last Friday. In the short term, supply-side support has weakened, but over the past month, iron ore shipments have been disrupted by multiple factors, leading to an overall decline in supply, with limited pressure on ore prices. Moving forward, attention should focus on changes in industrial data, and ore prices are expected to continue fluctuating at high levels in the short term.