On January 26th, the transaction volume of iron ore at major ports nationwide reached 1.0541 million tons, a 33.1% increase compared to the previous day; the transaction volume of construction steel among 237 mainstream traders was 76,100 tons, a 2.4% decrease compared to the previous day.

Iron ore: Iron ore transactions increased significantly by 33.1% month-on-month, reaching 1.0541 million tons, indicating strong market demand and potentially driving up spot prices. Improved demand typically reflected tight supply or active downstream purchasing, which was positive for the spot market. In the futures market, considering recent contract data, increased trading volume may strengthen bullish sentiment and support an upward trend in futures prices. Investors can pay attention to potential opportunities related to the sustainability of this demand..

Construction steel: Transactions of construction steel decreased slightly by 2.4% month-on-month to 76,100 tons, indicating a slight weakening of demand, which may exert slight downward pressure on spot prices. The decrease in transactions among traders suggested cautious downstream purchasing or slow inventory depletion, which was bearish for the short-term spot market. In the futures market, considering the recent contract trends, weak demand may curb the upward momentum of futures prices, but the decrease is small and the impact is limited. Investors need to monitor subsequent changes in demand to mitigate risks.

As an integrated internet platform providing benchmark prices, on January 27th, SunSirs’ benchmark price for Australian iron ore was 816.67 RMB/ton, a decrease of 0.05% compared to the beginning of the month (817.11 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.