Iron Ore Imports Profits Decline Amid Supply Drop and Market Uncertainty

Publicado: Jan 21, 2025 09:37
According to the SMM imported ore cost-profit table, imported ore profits slightly declined. SMM shipping data shows that last week, the total global iron ore shipments tracked by SMM reached 26.84 million mt, down 6.7% WoW. Among them, due to the impact of cyclones, Australia's shipments significantly decreased by 20.3% WoW to 14.43 million mt, while Brazil's shipments, affected by continuous heavy rainfall, slightly declined by 4.8% WoW to 5.44 million mt. Meanwhile, China's total iron ore arrivals during this period were 21.76 million mt, a notable decrease of 17.75% WoW. Overall supply significantly reduced, easing supply and demand pressure. However, due to market uncertainty regarding the policy direction after Trump's inauguration, risk-averse sentiment was evident, leading to market price fluctuations. In the short term, special attention should be paid to the impact of this news on the market. Overall, imported ore profits are expected to fluctuate downward.

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

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