Publicado: Feb 28, 2024 15:40
SMM Analysis: Duel between Supply and Demand Affects Iron Ore Prices Recently, seasonal factors such as the Australian cyclone and Brazilian rains have affected the overall supply of iron ore. However, according to the latest shipping data from SMM, the impact of these factors is relatively small and will not disrupt the supply and demand pattern of iron ore. Based on SMM's latest tracking of blast furnace maintenance data, iron production will continue to increase in the next three weeks (as shown in the figure below). Overall, SMM believes that the supply and demand for iron ore will increase in March, but once there is a significant increase in iron production, the demand side will have a greater impact on supporting the price of ore than the pressure from the increase in supply.

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.

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