Telah Terbit: Jul 12, 2024 18:04
【SMM Weekly Report on Iron Ore】Looking forward to the next week, it is expected that the shipment volume of overseas mines will remain high, and the arrival volume may increase. Although the production of molten iron has slightly declined, the demand for iron ore is still at a high level, and the port inventory is expected to continue to accumulate. After the end of the important conference, the market's expectation of favorable policies may be disappointed. Given that the current industrial contradiction is not prominent, the possibility of a significant decline in the production of molten iron in steel mills is small, and the rigid demand for iron ore has a certain support for ore prices. In addition, the US CPI data fell more than expected, and the market's expectation of interest rate cuts has increased. Overall, it is expected that iron ore prices will continue to fluctuate weakly next week, but the fluctuation range will not be significant...

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