Iron Ore Profits Plunge Amid Falling Output, Production Restriction Rumors

게시됨: Aug 15, 2024 09:27
According to SMM's import ore cost-profit statement, the profits from imported ore have fallen sharply; on August 14, the blast furnace operating rate recorded by SMM was 91.42%, down 0.95% from the previous month. The average daily output of molten iron from sampled steel plants was 2.2421 million tons, a decrease of 25,100 tons from the previous month. The output of molten iron continued to decline significantly. Meanwhile, market rumors suggested that Tangshan might implement crude steel production restrictions, which intensified market concerns and led to a sharp drop in iron ore prices. Considering the potential rebound in molten iron production next week, coupled with the approaching peak season, downstream demand may experience marginal improvement, and the downside potential for ore prices is expected to be limited, with prices mainly fluctuating weakly. It is projected that the profits from imported ore will continue to operate weakly.

데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.

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