According to the cost-profit statement of imported ore from SMM, the p

Published: May 24, 2024 09:49

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According to the cost-profit statement of imported ore from SMM, the profit of imported ore has decreased slightly. According to the data of iron ore inventory tracked by SMM in ten major ports, the total inventory still showed a trend of accumulation this week, with a more obvious accumulation of coarse powder and fine powder, while the block ore remained relatively stable. Domestic pellet price-performance ratio is relatively low, and the demand for foreign pellets has increased, showing a decrease in inventory. Molten iron has been at a high level, and the inventory still shows a trend of accumulation, which has a strong restraint on the ore price. In addition, with the current high iron ore price, some long positions took profits and left the market, leading to fluctuations and corrections in iron ore prices. However, the current material demand and inventory data are good, and it is difficult to form a negative feedback in the industry chain. It is expected that the ore price will fluctuate and operate at a high level in the short term, and the profit of imported ore will still show a fluctuating situation.

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