SMM Iron Ore Weekly: Market Outlook Influenced by Fundamentals, Prices Expected to Fluctuate Wider

Publicado: Nov 8, 2024 18:11
[SMM Iron Ore Weekly Report] Looking ahead to next week, it is anticipated that weather factors will have limited impact on the market, and overseas shipments will continue to remain high. Domestic weather conditions are gradually improving, enhancing port unloading efficiency, and port arrivals are expected to rebound. On the demand side, some steel mill blast furnaces still have plans to resume production, and molten iron output is expected to rise slightly. However, as the industry gradually enters the off-season, terminal demand may weaken, posing certain constraints on molten iron production. From a macro perspective, short-term favorable factors have already been fully priced in, and it is expected that iron ore price fluctuations next week will be more influenced by fundamental factors, presenting a larger fluctuation range...

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