Today, DCE iron ore f futures jumped initially and then pulled back, maintaining a relatively strong oscillation throughout the day. The most- traded contract I2509 eventually closed at 732.5, with a daily increase of 0.62%. Traders actively sold their goods. Steel mills purchased as needed, and with the weekend approaching, inquiries decreased. The market transaction atmosphere was moderate. The mainstream transaction prices of PB fines in the Shandong region were around 720-725 yuan/mt, basically stable compared to yesterday’s prices. The transaction prices of PB fines in the Tangshan region were around 735-740 yuan/mt, also basically stable compared to yesterday’s prices.

Next week, the iron ore market is expected to maintain a relatively strong oscillation. Although overseas shipments pushing for target at quarter-end will drive a continued rebound in port arrivals, increasing pressure on the supply side, the demand side remains resilient. Steel mill profits are moderate enough to support pig iron production fluctuating at highs. Coupled with the relatively small contradictions in the current

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Source: Metals Market Index (MMI)