According to the SMM imported ore cost profit table, the profits of im

Published: Apr 26, 2024 09:39

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According to the SMM imported ore cost profit table, the profits of imported ore have slightly decreased. The data of inventory by variety of iron ore in ten main ports tracked by SMM shows that the port inventory remains in an accumulation state this week, including the accumulation of coarse powder, fine powder and block ore, while the pellet inventory slightly decreased. The supply and demand of iron ore remain stable, with little impact. However, according to today's building materials data, the supply still maintains a significant de-stocking state, which boosts market confidence and drives the ore price to fluctuate strongly. It is expected that the profits of imported ore will also maintain a fluctuating trend.

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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