Slight Decline in Imported Ore Profits; Iron Ore Prices Expected to Volatilize

Publicado: Nov 1, 2024 09:51
According to the SMM imported ore cost-profit statement, profits from imported ore have declined slightly. From the apparent consumption data of the five major steel products, the demand for rebar and hot-rolled coils has decreased marginally, resulting in an overall slight decline in demand. However, the current total inventory of finished steel products is in a state of destocking, exerting limited pressure on the raw material side. The market is currently paying close attention to the Federal Reserve's interest rate meeting next week, the presidential transition, and the important meeting on the 8th. With relatively optimistic expectations, iron ore prices are expected to show a trend of strong volatility in the short term, and profits from imported ore may increase 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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According to the SMM imported ore cost-profit statement, profits from - Shanghai Metals Market (SMM)