The Two Sessions Are Expected to Drive Recent Iron Ore Prices to Fluctuate at High Levels [SMM Commentary]
- feb 21, 2025, at 6:25 pm
Today, iron ore futures continued to fluctuate upward, with the most-traded I2505 contract closing at 838.5, up 1.51% for the day. Traders actively sold goods, while some steel mills locked in profits with moderate purchase willingness. In Shandong, the mainstream transaction prices for PB fines were 830-835 yuan/mt, up 1-5 yuan/mt compared to yesterday; in Tangshan, the transaction prices for PB fines were around 840-845 yuan/mt, basically flat compared to yesterday.
