【SMM Iron Ore Weekly】Next week, after the typhoon, the port will resume, and the arrival volume will increase significantly. As the double festivals approach, steel mills are accelerating their replenishment, and iron ore demand continues to increase, and the fundamentals are still strong for ore prices. However, the terminal demand has not improved significantly during the peak season, and it is difficult to ship finished products; coupled with the rise in raw materials squeezing steel mill profits, ore prices have little upward space. Considering the current high valuation of ore and increased regulatory risks; coupled with the fact that the control of crude steel has not been completely implemented to suppress market information, it is expected that ore prices will continue to fluctuate at high levels next week.
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