Iron Ore Prices Expected to Rise Sharply Amid Macro Policy Boost & Tight Supply Outlook

Publicado: Sep 20, 2024 18:10
[SMM Weekly Iron Ore Report] Looking ahead to next week, after the Federal Reserve cuts interest rates, market expectations for domestic macro policies have strengthened, and market sentiment has improved. From a fundamental perspective, global supply is at a low level, and with frequent typhoons in China recently, the volume of iron ore arriving at ports may continue to decline. In terms of demand, the rebound in molten iron has expanded and steel plants are about to enter the peak period of pre-holiday stockpiling. It is expected that the overall demand for iron ore will continue to increase. Overall, both macro policies and fundamentals support the iron ore price. It is expected that iron ore prices will show a strong and volatile trend next week...

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[SMM Weekly Iron Ore Report] Looking ahead to next week, after the Fed - Shanghai Metals Market (SMM)