[SMM News] the demand for iron ore winter storage is stronger than that of raw materials or sustained.

SMM News: at the close of afternoon today, the black system rose and fell mutually, thread rose 0.24%, hot roll fell 0.33%, iron ore performance more eye-catching increase of about 1.34%. According to SMM research data, iron ore shipments are expected to increase in late December. 12.21-12.27 A total of 72 ships arrived at China's ports, with an estimated arrival volume of 10.19 million tons, an increase of 150000 tons over the previous forecast of 10.04 million tons, and a small increase in Jingtang and Rizhao ports. During the period, exports from Australia are expected to fall by 200000 tons to 15.71 million tons, while those from Brazil are expected to increase by 250000 tons to 8.07 million tons, and Brazilian exports continue to rise. From the point of view of spot transactions, trading prices have fallen slightly, but according to SMM steel research, the demand for iron ore winter storage in some areas before the festival (Spring Festival) has gradually emerged, and traders are more willing to raise prices. In the near future, the performance of the raw material is stronger than that of the finished wood or will continue.

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