Iron Ore Prices Fluctuate Amid Supply Concerns and Market Dynamics

Published: Feb 13, 2025 09:16

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According to SMM's imported ore cost-profit table, the profit of imported ore rose slightly. Yesterday, a cyclone in Australia caused heavy rainfall, significantly impacting iron ore shipment ports. Australia's shipments this week are expected to be halved, raising market concerns about future supply and driving up iron ore prices. In the afternoon, news related to the real estate sector triggered a stock market surge, further boosting the prices of ferrous products. However, SMM's pig iron data today showed a WoW decline in the daily average price by 13,800 mt. Overall, iron ore demand is expected to weaken, coupled with the current high valuation of iron ore, increasing short-term resistance for ore prices to rise. Imported ore profits are expected to maintain a fluctuating trend in the short term.

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