[SMM Iron Ore monthly report] May Iron Mine Price upward Space may be suppressed by continued supply easing

Published: May 8, 2020 18:28

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Recently, shipments from Australia and Pakistan have increased month-on-month, and arrival in Hong Kong in May is expected to continue to rise, and although there are incremental expectations on the demand side, considering that steel mills are mainly replenishing warehouses on demand, and the growth rate of dredging ports is relatively limited, port inventories are expected to stop falling in May.

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