Publicado: Jun 12, 2024 09:58
According to the SMM import ore cost profit sheet, the profit of imported ore fell again. Last Friday, the U.S. non-farm payroll data for May was released, which showed that the number of jobs increased by 272,000, far exceeding expectations. The Federal Reserve's expectation of interest rate cuts has been lowered. The dollar index rose, leading to a sharp decline in the prices of dollar-denominated products such as non-ferrous metals and iron ore. In terms of the iron ore itself, SMM shipping data showed that the global iron ore shipment volume fell slightly by 1.5% last week. Although port inventory is accumulating, the rate has slowed significantly, and the pressure on the iron ore itself is not high. However, due to the impact of weather, high school entrance examination and other factors, the downstream demand has declined significantly recently. It is expected that the iron ore price may be under pressure and fluctuate weakly in the short term, and the profit of imported ore may be dominated by wide fluctuations.

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