Publicado: Jul 3, 2024 09:48
According to the cost-profit statement of imported ores from SMM, the profits of imported ores are basically the same. Recently, some steel mills have advanced their annual maintenance to early or mid-July due to poor sales. It is expected that the production of molten iron will decline this week, and the basic demand for iron ore remains weak. However, as the Third Plenary Session of the 13th Central Committee of the Communist Party of China approaches in mid-July, market macro expectations are relatively optimistic, and market sentiment is gradually improving. Although the demand for finished steel products is relatively weak, the market may improve after the plum rain season. Therefore, iron ore futures have shown a strong and volatile trend. Although the production of molten iron remains high, iron ore still has a certain demand. However, considering that the industry is in a slack season, there are obstacles in both the upward and downward prices of iron ore, and the profits of imported ores may continue to be volatile in the short term.

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