Publicado: May 28, 2024 09:32
According to the SMM imported ore cost-profit statement, the profit of imported ore has declined slightly. According to the SMM shipping data, the total volume of iron ore shipments worldwide was 34.43 million tons, a 10.6% increase from the previous month. Among them, Australia and Brazil saw a significant increase in shipment volume, while non-mainstream shipments decreased slightly. However, based on the current data, the proportion of Australian iron ore shipments to China has been significantly reduced, and the actual volume of iron ore arrivals in China is expected to remain flat compared to the previous month. The total volume of iron ore arrivals in China, according to SMM, was 26.09 million tons, which was flat compared to the previous month. Overall, there is still room for growth in the overall shipment volume of iron ore. Coupled with the fact that the production of molten iron has peaked in the short term, there is a risk of a decline this week. It is expected that the port inventory will continue to accumulate, which will pressure spot prices. However, considering that steel mills are still profitable and their production enthusiasm is good, the rigid demand for procurement also provides support for ore prices. Therefore, it is expected that there is limited downward space for ore prices in the short term, and the market is expected to remain volatile. The profit of imported ore is also expected to remain volatile.

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According to the SMM imported ore cost-profit statement, the profit of - Shanghai Metals Market (SMM)