The US interest rate cut made waves again, and iron ore made up for the decline after the holiday

Gold ten futures June 11th news, according to the CITIC construction investment futures analysis, iron ore intraday fell sharply, the cut-off day iron ore 2409 contract closed 806 yuan/ton, a decline of 4.16%, holding less 17859 hands. On the supply side, the global total iron ore shipments in this period 30.316 million tons, a decrease of 2.171 million tons; 45 port iron ore to the port total 2436.4 tons, an increase of 1.805 million tons. On the demand side, as of June 7th, the average daily output of molten iron 2.3575 million tons, a decrease of 800 tons, a decrease of 50,700 tons. Overall, the finished material market entered the off-season, end point demand declined, coupled with crude steel production facing policy restrictions, iron ore demand is facing a certain contraction, while overseas interest rate cuts again waves, commodity valuations overall downward. In the short term, the price of iron ore may fluctuate weakly, and the operation should be cautiously bearish.