crownpokertournaments| Main contract for iron ore futures: Zhonghui Futures recommends short orders and take profits and leave the market, while Ningzheng Futures is expected to fluctuate at a high level

Newsletter summary

The main contract of iron ore futures fell slightly by 0% on Friday night.Crownpokertournaments.12%, 866.0 yuan. Zhonghui Futures believes that the fundamentals of iron ore are improved and it is recommended that the early air order should not be allowed to leave the market. Ningzheng futures expect the trend of iron ore to fluctuate at a high level.

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[the main contract in the iron ore futures market was weak on Friday night, hitting a low of 865.0 yuan]

During the trading session on Friday night, the performance of the main contracts in the iron ore futures market was weak, once hitting a low of 865.0 yuan. In the end, the contract closed at 866.0 yuan, down 0.12% from the previous day.

Analysts' views on the future of iron ore are divided.

Zhonghui Futures believes that the fundamentals of iron ore have improved significantly. The company reported that from April 29 to May 5, the total arrival volume of 47 ports in China reached 24.681 million tons, an increase of 4.159 million tons compared with the previous month.CrownpokertournamentsThe total arrival volume of the port was 23.809 million tons, an increase of 4.033 million tons compared with the previous month. At the same time, iron ore shipments from Australia and Brazil also increased. On the demand side, with the accelerated increase of hot metal output, the production enthusiasm of steel mills is still high. Zhonghui Futures suggests that the short order held in the previous period can stop the profit and leave the market.

Ning Securities Futures predicts that the trend of iron ore will be mainly high shock. Although global iron ore shipments remain high and domestic arrivals have rebounded, the pressure on Hong Kong stocks is still high. In addition, due to the shrinking profits of steel mills and weak terminal capacity, there is limited room for improvement in iron ore demand. While the lifting of purchase restrictions in Hangzhou and Xi'an has boosted market sentiment, terminal demand remains weak. Ning Securities Futures believes that the fundamentals of iron ore are loose and the support begins to weaken.