According to the cost-profit table of imported ore from SMM, the profi

Published: Mar 25, 2024 10:29

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According to the cost-profit table of imported ore from SMM, the profit of imported ore remains largely stable. As of March 22, SMM has tracked a total of 139.69 million tons of inventory at 35 ports, an increase of 0.54 million tons compared to the previous period, and an increase of 7.19 million tons year-on-year. The average daily amount of imported ore cleared from ports is 2.818 million tons, a decrease of 0.6 million tons compared to the previous period, and a decrease of 9.6 million tons year-on-year. The cumulative inventory level at ports has decreased. Looking ahead to next week, iron production is expected to continue to increase, and demand for iron ore is expected to rise, providing a certain level of support for prices. Considering the disturbance from other news factors, it is predicted that ore prices will continue to fluctuate in the short term, and imported ore profits may fluctuate as well.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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