Publicado: Nov 29, 2023 09:41
"In terms of the profit statement for imported ore, the landed profit of imported ore has dropped significantly. Multiple varieties have shown losses, and currently only medium-grade fines, FMG's low-grade fines, and PB blocks are profitable. The main reason for this significant drop in profit is the policy regulation, which has suppressed the price of iron ore, leading to a decrease in the market and a reduction in long positions, causing a significant decline in the iron plate. Looking ahead, the fundamental supply of iron ore is strong but weak, but the production of iron water still provides some support for the ore price. The ore price continues to be mainly influenced by policies and macroeconomic expectations. In the short term, it will continue to fluctuate weakly, but with limited downside space."

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"In terms of the profit statement for imported ore, the landed profit - Shanghai Metals Market (SMM)