Telah Terbit: Jul 28, 2023 18:09
【SMM Iron Ore Weekly】Next week, Tangshan environmental protection production limit will end, and some blast furnaces may resume production. Considering that the policy of reducing crude steel production may take some time to implement, it is expected that the iron ore output will be restored next week. On the supply side, overseas shipments have been relatively stable recently, and the arrival volume at the port has not fluctuated much. Port stocks continue to accumulate, but the pressure is not great. The fundamentals are still weak in supporting ore prices. Considering the influence of macro data such as PMI, it is expected that ore prices will still have room for downward adjustment next week, and the overall trend will be weak and volatile.

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