Iron Ore Prices Initially Spike but Decline, Outlook Weak for Late December Rebound
게시됨: Dec 20, 2024 14:41
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[SMM Brief Analysis: Iron Ore Prices Jump Initially and Then Pull Back, Unlikely to Rebound in Late December] After the conclusion of two important meetings, market sentiment gradually weakened. Meanwhile, environmental protection-driven production restrictions in Hebei tightened, leading to blast furnace shutdowns and maintenance at several steel mills in Handan, Shijiazhuang, Cangzhou, and other areas. Additionally, as the year-end approaches, some steel mills have started implementing their annual maintenance plans. These factors have significantly reduced pig iron production, dragging iron ore prices down from highs to around 770. This situation of supply surplus and weak demand is expected to persist. SMM believes that iron ore prices are unlikely to rebound in late December and are expected to continue fluctuating downward within the current range, with some downside room remaining...
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.