Publicado: Jun 19, 2024 15:01
[SMM Brief Analysis: Iron ore prices rose first and then fell in the second quarter, and may move in the opposite direction in the third quarter] The main driving factor for the iron ore price trend in the second quarter was terminal demand. Coupled with macro-level policy stimulus, iron ore prices rose sharply before falling back. In the third quarter, iron ore supply will remain relatively abundant, but demand expectations have decreased, which will make it difficult for port inventories to be effectively and sustainably reduced, exerting considerable pressure on iron ore prices. Taking into account the impact of macro-level policy factors, it is expected that the iron ore price trend may be weak first and then strong, and show a wide range of fluctuations...

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[SMM Brief Analysis: Iron ore prices rose first and then fell in the s - Shanghai Metals Market (SMM)