Publicado: Feb 5, 2024 09:59
Looking at the profit of imported ore, the profit of imported ore is basically stable; from a fundamental perspective, as of February 2nd, SMM has tracked a total of 126.26 million tons of inventory in 35 ports, an increase of 1.64 million tons compared to the previous period, and a decrease of 9.05 million tons compared to the same period last year; the daily average amount of ore being cleared from ports is 2.938 million tons, an increase of 50,000 tons compared to the previous period, and an increase of 411,000 tons compared to the same period last year. As the Spring Festival approaches, some steel mills have accelerated their pace to replenish their stock, resulting in a slight increase in daily average ore clearance, particularly in the North China and East China regions. Overall, due to the significant increase in arrivals at the ports, the port inventories still show a state of accumulation. Looking ahead to next week, as the Spring Festival approaches, the replenishment of stock by steel mills will end and market transactions are expected to become stagnant. The price of ore may continue to fluctuate narrowly, and it is expected that the profit of imported ore will remain in a state of fluctuation.

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