Publicado: Jan 26, 2024 18:22
[SMM Iron Ore Weekly Report] Looking ahead to next week, according to the blast furnace maintenance data tracked by SMM, there will still be blast furnace resumption next week, and the iron production will continue to rise slightly. However, the pre-holiday stocking has basically ended, and the overall demand for iron ore may not change much. In addition, with the off-season for end demand, the speed of inventory accumulation has increased. Steel mills are under pressure with weak enthusiasm for raw material procurement, suppressing the rise in iron ore prices. Considering market expectations for a downward adjustment in LPR, it is expected that iron ore prices will fluctuate at a high level next week...

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[SMM Iron Ore Weekly Report] Looking ahead to next week, according to - Shanghai Metals Market (SMM)