Publicado: Feb 1, 2024 09:41
Regarding the import ore profit of SMM, the import ore profit is still intensifying; the blast furnace operating rate tracked by SMM remained stable this week, and the pig iron production increased by 0.38 million tons/day compared to the previous week. However, as the year end approaches, most steel mills' restocking has ended, and only a few steel mills near the ports still have a small demand for restocking, which weakens the support for iron ore prices. Along with the exhaustion of short-term macroeconomic favorable factors, market sentiment has deteriorated, causing iron ore prices to fluctuate downward. Considering the future increase in pig iron production and the off-peak season for overseas shipments, there is still some support for ore prices. It is expected that the iron ore prices will face a dilemma, and import ore profits will continue to fluctuate.

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.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn
Regarding the import ore profit of SMM, the import ore profit is still - Shanghai Metals Market (SMM)