News summary
Newsletter text
Iron ore prices hit record highcrashbandicootapp, market dynamics continue to be active.
In trading on May 22, the price of the main contract for iron ore futures rose sharply by 2%crashbandicootapp.73%, closing at 921.0 points, a phased high. Open positions reached 430,100 lots, and trading volume also reached 320,500 lots. Market analysis shows that it is expected that in the week from May 25 to May 31, due to blast furnace maintenance, the output of molten iron will decrease by 6,800 tons to 1,055,400 tons.
Although the overall supply and demand situation showed a booming trend, molten iron output still maintained an upward trend, which provided positive support for the demand for iron ore. Although inventory levels remain high, market sentiment has been positively affected by the loose real estate policy, which has prompted the overall price level of the black sector to rise. Analysts believe that iron ore prices are expected to maintain a relatively strong and wide-ranging volatility.
In terms of operational strategies, the market sentiment is cautiously optimistic, and investors are advised to remain moderately bullish.