Iron Ore Profits Slightly Rebound, But Prices May Continue Downward Fluctuation

Publicado: Dec 27, 2024 09:21
According to SMM's imported ore cost-profit table, imported ore profits have slightly recovered. Based on SMM's HRC supply-demand balance data, inventory remains in a slight destocking state. However, the apparent demand for rebar has declined significantly. The overall inventory reduction of the five major steel products has slowed. The off-season effect has become more pronounced, and market sentiment has weakened. In the absence of significant macroeconomic stimulus, iron ore prices are unlikely to find strong support in the short term. Next week, they may continue to fluctuate downward, and imported ore profits are expected to slightly decrease.

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