【Short Comment on Domestic Iron Ore: There is Room for Growth in Iron

Published: Jul 1, 2024 18:19

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【Short Comment on Domestic Iron Ore: There is Room for Growth in Iron Ore Prices in Shandong Area】This week, the ex-factory price of 64-grade alkaline dry basis iron ore (excluding taxes) at Shandong's mine-selecting terminal has dropped by 8 yuan/ton to 881 yuan/ton. The mine-selecting terminal is operating normally, with a slight accumulation of inventory but not much pressure. The transactions of small factories are also average. Although steel companies have low inventory, they still purchase goods mainly based on demand, leading to a slight adjustment in the prices of major mines...

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