Iron Ore Weekly Outlook: Stable Supply, Potential Port Disruptions, Mixed Demand Ahead of National Day Holiday

Publicado: Sep 13, 2024 18:35
[SMM Iron Ore Weekly Report] Looking ahead to next week, iron ore supply is expected to remain relatively stable, but the formation of Typhoon No. 13 may affect some domestic ports, with expected arrivals potentially declining. Meanwhile, although steel mill profits have improved, overall profit margins are still at a low level, leading to slow blast furnace resumptions and limited growth in hot metal output. Consequently, port inventories may decrease slightly. However, given the upcoming National Day holiday, steel mills' restocking demand may increase, and iron ore demand is still expected to grow. Despite some improvement in market sentiment, it remains pessimistic. Key focus for next week should be on changes in end-user demand, domestic macroeconomic data, and the impact of the Fed's interest rate cut on ore prices. Overall, it is anticipated that iron ore prices will have limited room for rebound next week, potentially oscillating within a range...

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[SMM Iron Ore Weekly Report] Looking ahead to next week, iron ore supp - Shanghai Metals Market (SMM)