Publicado: Sep 20, 2023 07:40
Summary of SMM Steel Morning Meeting: Multiple Factors Affecting Iron Ore Prices May Not Rise Further. The domestic ore market in Liaoxi was relatively stable at the beginning of the week, with the purchase price of a local leading steel mill rising slightly by 10 yuan/ton. The ex-factory price of 66 acid wet powder without tax was 800-810 yuan/ton. The sentiment of local ore selection was still strong under the condition of tight resources, and the asking price was still strong. At present, although the ore selection is high, the traders, combined with the steel mills' pricing, have a narrow profit margin and it is difficult to receive goods at a high price. It is expected that the Liaoxi market will continue to be relatively stable in the near future.

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Summary of SMM Steel Morning Meeting: Multiple Factors Affecting Iron - Shanghai Metals Market (SMM)