Telah Terbit: Jun 18, 2024 09:18
According to SMM’s import ore cost-profit table, the profit of imported ore has slightly decreased. The recall of ore price yesterday was mainly due to the bearish M1 data on Friday. In addition, the central bank announced that the winning bid rate of one-year MLF is 2.50%, which is the same as before and lower than the market expectation. Under the influence of this, the market price has declined. From the perspective of the iron ore itself, last week, SMM’s total shipment of global iron ore was 27.85 million tons, down 8.6% from the previous week. The shipments of Australia, Brazil and non-mainstream mines have all declined. The arrival volume was 20.54 million tons, up 6.65% from the previous week, but still lower than the level of the same period last year. The pressure of iron ore supply has eased, and the ore price is still supported. It is expected that the profit of imported ore will have a slight upward trend.

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