Publicado: Aug 12, 2024 09:57
According to SMM's import ore cost-profit statement, import ore profits remained largely unchanged; as of August 9, the total inventory of 35 ports tracked by SMM amounted to 146.68 million tons, down 610,000 tons from the previous month and up 30.32 million tons year-on-year. Port inventories have decreased for two consecutive weeks, primarily due to the recent decline in unloading efficiency at ports, leading to a significant reduction in arrivals. Currently, port inventories are still at a relatively high level, exerting downward pressure on ore prices. Furthermore, considering the potential significant decline in pig iron production next week, the short-term fundamentals of iron ore remain weak, making it difficult for ore prices to experience an upward drive. It is expected that import ore profits may decline slightly.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

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