According to the profit table of imported ores from SMM, the profit of

Published: Mar 19, 2024 09:45

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According to the profit table of imported ores from SMM, the profit of imported ores has slightly rebounded; the total global iron ore shipment from SMM was 29.65 million tons, a decrease of 2.6% over the previous period. Among them, Australia shipped 18.37 million tons, a decrease of 0.9% compared to the previous period; Australia shipped 15.11 million tons to China, accounting for 82.2% of the total shipments from Australia, an increase of 4.1% compared to the previous period. Brazil shipped 5.66 million tons, an increase of 4.5% compared to the previous period; Brazil shipped 3.55 million tons to China, accounting for 62.7% of the total shipments from Brazil, an increase of 55% compared to the previous period. The total volume of iron ore arriving at Chinese ports from SMM was 24.95 million tons, a decrease of 4.73% over the previous period. The overall global shipment volume is still at a high level. Although the volume of iron ore arriving at ports has decreased, current port inventories are at a high level, and ore prices still have some pressure. In addition, looking at today's announced real estate data, the downward trend continues, and short-term demand for building materials may be difficult to improve, putting pressure on ore prices to fluctuate. It is expected that there is still room for a decrease in the profit of imported ores.

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