Publicado: Jun 5, 2024 09:55
Judging from the cost-profit statement of imported ore, the profit of imported ore remains relatively stable. According to SMM statistics, this week (from June 1 to June 7), the amount of molten iron affected by blast furnace maintenance is 1.0117 million tons, a decrease of 63,100 tons from the previous week. There is still a slight increase in the production of molten iron. However, the macroeconomic sentiment has turned worse recently, and the market has a deviation in demand expectations in the off-season. The negative feedback logic has advanced, leading to a continuous decline in iron ore prices. In the short term, there is no new positive driving force, and the iron ore price will continue to be dominated by weak fluctuations. Taking into account that the profit of steel mills is still acceptable, the possibility of negative feedback is extremely low, and the downward space for ore prices is limited. It is expected that the profit of imported ore will continue to fluctuate in the short term.

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Judging from the cost-profit statement of imported ore, the profit of - Shanghai Metals Market (SMM)