Telah Terbit: Jul 1, 2024 07:35
[SMM Steel Morning Meeting Summary: Cost Support Unlikely to Collapse, Will Steel Prices' Decline Be Temporarily Halted?] As of June 28, the total inventory of 35 ports tracked by SMM reached 145.44 million tons, up 330,000 tons from the previous week and up 21.88 million tons year-on-year. The average daily port clearance of imported ore was 2.972 million tons, down 44,000 tons from the previous week and up 79,000 tons year-on-year. The increase in port inventory will still put pressure on ore prices. However, there are rumors in the market that the real estate industry may introduce favorable policies, which may lead to a slight increase in ore prices...

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[SMM Steel Morning Meeting Summary: Cost Support Unlikely to Collapse, - Shanghai Metals Market (SMM)