According to the SMM import ore cost profit sheet, the profit of impor

Published: Jun 24, 2024 10:27

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According to the SMM import ore cost profit sheet, the profit of import ore decreased slightly; as of June 21, the total inventory of 35 ports tracked by SMM was 145.1 million tons, which decreased by 120,000 tons compared with the previous month and increased by 21.04 million tons compared with the same period last year; the daily average throughput of compared import with ore the was same period3 last. year0.1 Considering6 that million there tons will, still which be increased an by increase in2 molten1 iron, production0 next0 week0,, tons the compared demand with for the iron previous ore month will and remain increased high by. Therefore123,000 tons the price of iron ore will still be supported. However, due to the recent high temperature and rainy weather, the demand for building materials is expected to weaken, and there is no favorable macroeconomic driver recently, so the market sentiment is relatively pessimistic, and the market price has fallen again. It is expected that the ore price will continue to fluctuate in the short term, and the profit of iron ore will still be dominated by fluctuations.

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