Publicado: Jan 5, 2024 18:08
【SMM Iron Ore Weekly】Looking ahead to next week, the annual overseas shipment of iron ore is expected to be completed, leading to a slight decrease in global shipping volume; however, the volume of arrivals at ports will remain high. Supply is becoming more abundant. On the demand side, although some blast furnaces are scheduled to resume production, as the Spring Festival approaches, some steel mills may have additional maintenance, which will limit the potential for a significant increase in molten iron, maintaining a weak and stable operation. However, the pre-holiday stock replenishment has not been fully realized, and market expectations remain relatively strong, providing strong support for ore prices. It is expected that this year's spot stock replenishment may be lower than last year, and considering the poor steel mill profits and regulatory risk suppression, it is expected that iron ore prices will fluctuate at high levels next week...

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【SMM Iron Ore Weekly】Looking ahead to next week, the annual overseas s - Shanghai Metals Market (SMM)