Imported mineral cost and profit on March 25

As of Mar 22, iron ore inventories across 35 ports tracked by SMM totalled 139.69 million mt, up 540,000 mt from the previous week and up 7.19 million mt year-on-year. Daily average deliveries from the 35 ports was 2.818 million tons, a decrease of 60,000 tons month-on-month and a year-on-year decrease of 96,000 tons. The accumulation of port inventories has narrowed. Pig iron production and iron ore demand will continue to increase, which will provide some support for prices. Considering the disturbance caused by other news, it is expected that short-term ore prices will continue to fluctuate, and it is expected that imported ore profits may fluctuate.