Published: Jul 5, 2024 10:05
According to the cost-profit statement of imported ore, the profit of imported ore has declined slightly. According to the data of SMM building materials and hot rolled coil demand and inventory yesterday, the demand decreased slightly and the inventory increased slightly, which is a normal performance during the off-season in the industry, consistent with market expectations, and has little impact on prices. At present, the market is still focused on the meeting expectations, with strong short-term expectations and unable to verify authenticity. It is expected that the short-term ore price will continue to run strongly in a volatile manner, and the profit of imported ore may have a small increase.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
According to the cost-profit statement of imported ore, the profit of - Shanghai Metals Market (SMM)