SMM Iron Ore Weekly: Prices Expected to Fluctuate Upwards Amid High Shipments and Positive Market Expectations

Publicado: Dec 6, 2024 18:04
[SMM Iron Ore Weekly Report] Looking ahead to next week, overseas mines may push for annual targets at year-end, driving up global iron ore shipments. Previous shipments were at high levels, and with recent favorable domestic weather, port arrivals are expected to increase. On the demand side, although pig iron production is expected to slightly decrease, coke prices are expected to undergo a fourth round of cuts, which may restore steel mill profits. Additionally, some steel mills need to restock before the holiday, so overall demand for iron ore is expected to be maintained. From a macro perspective, with the upcoming Two Sessions next week, market expectations remain relatively positive. Therefore, iron ore prices are expected to continue fluctuating upward next week...

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[SMM Iron Ore Weekly Report] Looking ahead to next week, overseas mine - Shanghai Metals Market (SMM)