CICC Wealth Futures: The iron ore market is under pressure and retreating; strategy remains to go short on rallies.

There is no obvious marginal change in the underlying industry data of iron ore. Recently, the market has come under pressure and declined, mainly disturbed by market rumors related to long-term contract negotiations, but the substantive impact of this news remains to be verified. Considering the persistent reality of high port inventories and the still relatively high absolute valuation, the strategy remains to maintain a view of short positions when prices rise. (CICC Wealth Futures)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin