Iron Ore Prices Fluctuate at Low Levels Amid Poor Trading Sentiment and High Port Inventories

게시됨: Aug 16, 2024 17:01
Today, iron ore prices opened high but closed low, with the main contract I2501 finally closing at 697, a daily drop of 0.99%. Some traders closed their positions and did not sell. Steel mills showed poor purchasing intentions. The overall market trading atmosphere was desolate today. The transaction price fell by 5-10 yuan/ton compared with yesterday; As of August 16, the inventory of 35 ports tracked by SMM reached 147.16 million tons, an increase of 490,000 tons from the previous month and 29.83 million tons from the same period last year. The average daily port clearance volume of imported ore was 3.086 million tons, an increase of 120,000 tons from the previous month but a decrease of 88,000 tons from the same period last year. This week, iron ore prices hit a new low, and steel mills replenished their inventories at low prices. The increase in spot trading volume drove the port clearance volume to continue to rise. This indicates that iron ore demand is still supported. Considering that it is difficult for terminal demand to improve substantially, it is expected that ore prices will continue to fluctuate at low levels...

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.

문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn