Iron Ore Imports Profit Margin Up Slightly Despite Inventory Pressures

Publicado: Oct 29, 2024 09:36
According to the SMM Imported Ore Cost and Profit Statement, profits from imported ore have increased slightly. Based on SMM shipping data, global iron ore shipments rose marginally by 0.5% last week, while arrivals declined significantly by 8.55%. However, considering that iron ore inventories remain high, supply pressure persists. Nevertheless, the market still anticipates favorable policies in the later stages. It is expected that iron ore prices will continue to receive support in the short term, exhibiting a trend of stronger volatility, and that profits from imported ore still have some room for growth.

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According to the SMM Imported Ore Cost and Profit Statement, profits f - Shanghai Metals Market (SMM)