Iron Ore Imports Profit Slightly Down, Shipments Up, Prices Expected to Fluctuate Upwards

Publicado: Dec 3, 2024 09:30
According to the SMM imported ore cost-profit table, imported ore profits decreased slightly, mainly due to the rise in ore costs. Last week, SMM's global iron ore total shipments were 33.35 million mt, up 1.4% WoW. Both Australia and Brazil saw increases in total shipments, but the proportion shipped to China decreased slightly. Additionally, due to the previous decline in shipments and domestic weather impacts, SMM's total iron ore port arrivals in China were 25 million mt, down 5.27% WoW. In the short term, it may remain at a low level. However, as the meeting approaches, market expectations for the meeting are growing stronger, driving iron ore prices to continue rising. In the short term, it may continue to fluctuate upward, and imported ore profits are expected to have some room for upward movement.

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