Iron Ore Weekly Report: Prices Expected to Fluctuate Amid Steady Shipments, Rising Demand, and Macro Uncertainties

Publicado: Nov 1, 2024 18:16
[SMM Iron Ore Weekly Report] Looking ahead to next week, overseas shipments are expected to remain at medium-to-high levels, with little change in the short term. However, due to weather factors, port congestion may lead to a slight decline in arrivals. On the demand side, entering early November, terminal demand has shown good performance, with a slight increase in molten iron production, indicating that there is still room for further growth in overall iron ore demand. At the macro level, the results of the US presidential election are imminent, and there are also significant domestic conferences anticipated, which may have a significant impact on prices. It is expected that iron ore prices will fluctuate more significantly next week, overall showing a trend of relatively strong volatility...

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[SMM Iron Ore Weekly Report] Looking ahead to next week, overseas ship - Shanghai Metals Market (SMM)