Telah Terbit: Sep 19, 2023 16:03
SMM Analysis: A Brief Analysis of the Reason for the Continuous Decline of Iron Ore Port Inventory from the Perspective of Fundamental Analysis. This year, extreme weather and typhoons have caused frequent congestion in some of China's major trading ports, affecting logistics to a certain extent. Importantly, port operation efficiency directly affects the supply of iron ore at Chinese ports. Under this situation, according to SMM data, as of September 15, the total inventory of iron ore at 35 major ports was 115.4 million tons, a weekly decrease of 250,000 tons and a year-on-year decrease of 12.73 million tons.

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