Publicado: Feb 2, 2024 18:23
【SMM Iron Ore Weekly Report】Looking ahead to next week, according to the blast furnace operating rate data tracked by SMM, there are still planned resumptions of blast furnaces next week, with a small increase in iron output of 11,500 tons. However, with the approaching Spring Festival, it is expected that blast furnace resumptions may not meet expectations, leading to limited increase in iron output. In terms of supply, despite entering the off-peak shipping season, recent overseas shipping is relatively stable with no extreme weather effects, maintaining the current moderate level. The fundamentals have limited impact on ore prices. Considering the approaching Spring Festival holiday and the end of steel mill purchases, the market transactions are basically stagnant; macro policies are also in a lull period, and it is expected that iron ore prices will continue to fluctuate within a narrow range.

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