Iron Ore Prices Rebound Slightly, Import Ore Profits Oscillate Amid Fundamentals and Policy Expectations

Publicado: Nov 13, 2024 09:46
According to the SMM import ore cost and profit statement, import ore profits have experienced a slight rebound. Following the anticipated conclusion of the meeting, iron ore prices underwent a period of weak consolidation. Short-term impacts are more focused on fundamentals. From the perspective of iron ore fundamentals, supply has decreased while demand has increased, providing some support to prices. Moreover, given that short-term policy expectations have not been proven false, sentiment is expected to return to rationality after venting. It is anticipated that iron ore prices will continue to exhibit volatile fluctuations in the short term, and import ore profits may also continue to oscillate.

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According to the SMM import ore cost and profit statement, import ore - Shanghai Metals Market (SMM)