Telah Terbit: Jan 15, 2024 17:38
【SMM Review: Port Inventory Pressure Suppresses Iron Ore Futures Prices Continuously Decline, High Ore Prices Slow Down Pre-Holiday Inventory】Affected by factors such as the increase in port inventory levels, the failure of market expectations for macroeconomic benefits to materialize as scheduled, and considering the worsening losses of steel mills, the pre-holiday inventory buildup of steel mills, and the possibility that iron water production may not meet expectations, the trend of continuous decline in iron ore has not changed. After iron ore closed with a 1.76% drop on the 12th, as of the closing of the day session on the 15th, iron ore fell by 3.17%.

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【SMM Review: Port Inventory Pressure Suppresses Iron Ore Futures Price - Shanghai Metals Market (SMM)