Telah Terbit: Mar 18, 2024 10:59
According to the import ore profit table of SMM, the import ore profit continues to decline sharply. As of March 15th, SMM tracked a total of 139.15 million tons of inventory at 35 ports, an increase of 1.09 million tons compared to the previous period and an increase of 6.03 million tons compared to the same period last year. The daily average of imported ore clearance volume is 2.878 million tons, an increase of 43,000 tons compared to the previous period and a decrease of 30,000 tons compared to the same period last year. The clearance volume has not shown a significant increase, mainly due to the temporary maintenance of some blast furnaces in individual steel mills this week due to poor demand, resulting in a decrease in pig iron production. Looking ahead to next week, according to SMM's tracking of blast furnace startups, it is expected that previously shut down blast furnaces will resume production, and pig iron production will show an upward trend, providing some support for iron ore demand. However, considering the soft terminal demand and the market's pessimistic sentiment, it is expected that the ore price will continue to fluctuate weakly, and there is still room for a further decline in import ore profits.

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According to the import ore profit table of SMM, the import ore profit - Shanghai Metals Market (SMM)