Iron ore futures opened lower, the main contract fell more than 2%, the futures price continued to dip to refresh the 3-week low, the main switch is imminent, 2401 contract fell more than 2.5%, its position has exceeded 2309 contracts.
Although there is some support for the iron ore contract plate in recent months due to its strong demand toughness, low inventory, large basis, etc., the actual terminal demand has not significantly improved and the price of finished materials is under pressure, coupled with the negative effect of the level control policy on iron ore demand, the medium-term supply and demand easing pattern is expected to remain unchanged, and the plate plate decreases with the finished materials, and the far-month contract is more weak.
