SMM

The DCE ore futures prices weakened today. The most-traded contract I2509 closed at 708, down 0.14% for the day. Traders sold at market prices, with speculative transactions decreasing. Steel mills remained cautious and adopted a wait-and-see approach, with some purchasing as needed. Market trading activity was subdued. In Shandong, mainstream transaction prices for PB fines were around 762-766 yuan/mt,