Publicado: Aug 9, 2024 09:56
According to the cost-profit statement, the decline in the import ore price index reduced traders' costs of purchasing, resulting in a slight increase in import ore profits yesterday; demand for building materials and hot-rolled coil tables dropped significantly yesterday, accelerating the accumulation of hot-rolled coil stocks. The overall demand for steel products continued to shrink; the number of steel plant blast furnace overhauls is expected to further increase, intensifying negative feedback pressure. Iron ore prices plummeted, hitting a new low in nearly four months. Considering that the demand for iron ore may continue to decline in the future, iron ore prices may remain weak and volatile in the short term, and import ore profits may slightly decline.

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According to the cost-profit statement, the decline in the import ore - Shanghai Metals Market (SMM)