Telah Terbit: Oct 24, 2023 21:13
According to SMM, the transaction in Tangshan area was bleak at the beginning of the week. The bidding price of the dominant steel enterprises was reduced by 15 yuan/ton. The foreign market showed an upward trend. Most traders were mainly watching, and the market was boosted by the panel and the shortage of resources could not be relieved. Most mining enterprises showed their willingness to stand firm on prices and not ship at prices lower than their psychological price. Faced with the price pressure from steel mills, traders' own profits were squeezed, and most of the resources were at high prices in the early stage, so they gave a lower price, resulting in a stalemate in the market supply and demand. Although the futures market has obviously risen, considering the serious losses of steel mills at present, the rise is hindered. Under the tight iron ore resources, it is difficult to reduce prices. Generally speaking, it is expected that the Tangshan market will remain stable in the near future.【SMM Iron Ore】

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