Iron Ore Futures Prices to Rangebound this Week

Telah Terbit: Apr 10, 2023 15:04
Sumber: SMM
SMM survey showed that the total global iron ore shipments added 3.4% WoW last week.

SHANGHAI, Apr 10 (SMM) - SMM survey showed that the total global iron ore shipments added 3.4% WoW last week. However, only a few steel mills resumed production, and the pig iron output growth slowed down compared with two weeks ago. The contradiction between iron ore supply and demand may gradually become prominent, and the market shall pay attention to the impacts from the macro front and downstream sectors. It is expected that the iron ore futures prices will move rangebound this week.

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