Publicado: Jun 28, 2024 18:01
[SMM Iron Ore Weekly Report] Looking ahead to the next week and entering July, affected by the plum rains and high temperatures, the terminal demand may further weaken. The inventory accumulation of finished steel products in steel mills will accelerate, and the profits may narrow, thus inhibiting the procurement rhythm of iron ore. However, according to the blast furnace overhaul situation tracked by SMM, the crude steel output is still expected to increase next week, and the rigid demand for iron ore will provide some support for the price. In addition, with the approaching of the Third Plenary Session of the 19th CPC Central Committee, market sentiment may tend to be optimistic. It is expected that the price of iron ore will maintain narrow fluctuations next week...

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[SMM Iron Ore Weekly Report] Looking ahead to the next week and enteri - Shanghai Metals Market (SMM)