Publicado: Nov 21, 2023 09:22
According to the profit statement of imported ore in the SMM, the profit from imported ore has expanded slightly. On the one hand, the drop in the US dollar index has led to a slight decrease in costs; on the other hand, the spot transaction prices have increased by 5-15 yuan/ton compared to the previous period. Looking ahead, the favorable policies for real estate are expected to improve market conditions from weak to strong. In addition, the supply and demand fundamentals of iron ore still appear slightly tight, and continuous minor supply-side stories provide some support for prices. It is expected that the short-term ore prices will fluctuate strongly, with a small upside in the profit margin for imported ore.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

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According to the profit statement of imported ore in the SMM, the prof - Shanghai Metals Market (SMM)