【SMM Iron Ore Weekly Report】Looking ahead to next week, with the impro

Published: Apr 12, 2024 18:05

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【SMM Iron Ore Weekly Report】Looking ahead to next week, with the improvement in downstream demand, some steel mills have plans to resume production, leading to an increase in daily iron output and boosting demand for iron ore. As for shipping, the recent cyclone weather in Australia may cause a decrease in shipping volume, but the previous shipping volume has been relatively stable, so it is expected that there will not be much fluctuation in the volume arriving at the port. Coupled with the current high inventories, it is expected that the fundamental support for iron ore prices will be limited. Considering the recent clear improvement in market sentiment, it is expected that iron ore prices will fluctuate next week, with opportunities for further upward movement...

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