Telah Terbit: Apr 17, 2024 10:40
【SMM Analysis: When will the turning point of supply and demand come? Iron ore supply and demand balanced in the second quarter of 2024】In the first quarter of 2024, iron ore prices showed a significant downward trend, with the iron ore 05 contract falling from a high of 1025.5 in early January to 765 yuan at the end of March, a decrease of 260 yuan per ton. The Platts 62% iron ore price index fell from a high of $143 to $101, a drop of over $40. In the second quarter, iron ore presents a situation of strong supply and demand, but with high port inventories, which will suppress the upward price of the ore...

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【SMM Analysis: When will the turning point of supply and demand come? - Shanghai Metals Market (SMM)