Iron Ore Import Profits Rise Slightly, Oversupply Still Weighs on Market Outlook

게시됨: Oct 14, 2024 10:02
According to the SMM import ore cost profit statement, profits from import ores have increased slightly; the key fiscal meeting held last Saturday basically met market expectations. It is expected that meetings will be held more frequently in the fourth quarter, and from the current situation, macro policies are relatively positive. In terms of fundamentals, steel plants have performed well in terms of profits recently, with high enthusiasm for resuming production, and there is still room for further growth in molten iron production. On the supply side, there have been few changes, and port inventories may still increase. Although the fundamentals of iron ore have improved, they are still in a state of oversupply. It is expected that there is room for iron ore prices to rise this week, and profits from import ores may continue to increase.

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