Telah Terbit: Aug 6, 2024 09:39
According to SMM's import ore cost and profit statement, profits for imported ores have fluctuated slightly. SMM data indicates that the total global iron ore shipments reached 32.77 million tonnes, an increase of 8.3% from the previous month. Among them, shipments from Australia and non-mainstream mines have increased, while shipments from Brazil have decreased. SMM's report shows that the total iron ore arrivals in China amounted to 19.6 million tonnes, a significant 28.6% decrease from the previous month. On the demand side, as steel plants face severe losses and blast furnace maintenance increases, it is expected that molten iron output will decline significantly this week. However, with the release of pessimism in the market, the overall sentiment has improved. Additionally, the expected improvement in monetary policy may have a certain impact on the market, but it is anticipated that the upward momentum for ore prices will remain insufficient in the short term, and the trend will continue to be characterized by narrow fluctuations. It is projected that the profits of imported ores will still be mainly subject to fluctuations.

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