SMM Forecast for Changes in Price Spread Between Imported Iron Ore of Different Grades (Mar 6-10, 2023)

Telah Terbit: Mar 3, 2023 15:59
Sumber: SMM
SHANGHAI, Mar 3 (SMM) - Looking into next week, iron ore prices may rise further amid growing demand and positive expectations for macro policies.

SHANGHAI, Mar 3 (SMM) - Looking into next week, iron ore prices may rise further amid growing demand and positive expectations for macro policies. However, high port inventory will prevent the prices of IOCJ fines from gaining as much as those of medium and low-grade ore. In this scenario, the price spread between high and medium-grade ore may continue to narrow, while that between medium and low-grade ore will be relatively stable.

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SMM Forecast for Changes in Price Spread Between Imported Iron Ore of Different Grades (Mar 6-10, 2023) - Shanghai Metals Market (SMM)