Telah Terbit: Jul 29, 2024 10:18
According to the SMM imported ore cost and profit statement, the profit of imported ore has increased slightly; as of July 26, the total inventory of 35 ports tracked by SMM was 149.05 million tons, up 1.46 million tons from the previous month and 28.08 million tons year-on-year; the average daily port-dredging volume of imported ore was 3.119 million tons, up 101,000 tons from the previous month and 92,000 tons year-on-year. The decline in iron ore prices and the replenishment of steel mills' low inventories have driven an increase in port-dredging volume, indicating that the demand for iron ore remains strong, which provides certain support for ore prices. The pessimistic sentiment in the market has been digested within the week, and iron ore prices have stopped falling and rebounded. However, as the terminal demand is still in the off-season, it is expected that although ore prices will rebound next week, the rebound will be limited, and the import cross-profit is expected to recover slightly in the near future.

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According to the SMM imported ore cost and profit statement, the profi - Shanghai Metals Market (SMM)