Publicado: Dec 22, 2023 10:13
According to the SMM's import ore profit table, the import ore profits have substantially increased month-on-month, with some varieties turning from loss to profit. From a fundamental perspective, this week, the inventory of ten Hong Kong varieties is still in a slight destocking state, and currently, the demand for iron powder in steel mills is still strong, providing some support for ore prices. From a news perspective, the market rumor yesterday that the deposit interest rate is expected to be lowered may drive down loan interest rates, boost market sentiment, and drive a substantial increase in ore prices. In summary, it is expected that in the short term, there is still a certain possibility of an upward exploration in the profit of imported ore.

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According to the SMM's import ore profit table, the import ore profits - Shanghai Metals Market (SMM)