Imported Ore Profit Margin Declines Slightly, Iron Ore Prices Expected to Fluctuate at High Levels

Publicado: Dec 16, 2024 10:01
According to the SMM imported ore cost-profit table, the profit margin of imported ore slightly declined. The Central Economic Work Conference held last week largely continued the spirit of the previous political meeting, in line with market expectations. As short-term macro policies gradually take effect, the market's focus has shifted back to fundamentals. Affected by environmental protection-driven production restrictions in Hebei, pig iron production may slightly decrease, leading to weaker demand for iron ore and resulting in fluctuating and weak iron ore prices. However, considering the potential RRR cuts expected next week and the relatively small supply-demand imbalance in the industry chain, iron ore prices are expected to fluctuate at high levels this week, and the profit margin of imported ore is also expected to remain volatile.

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According to the SMM imported ore cost-profit table, the profit margin - Shanghai Metals Market (SMM)