Publicado: Oct 24, 2023 21:13
According to SMM, the transaction in Tangshan area was bleak at the beginning of the week. The bidding price of the dominant steel enterprises was reduced by 15 yuan/ton. The foreign market showed an upward trend. Most traders were mainly watching, and the market was boosted by the panel and the shortage of resources could not be relieved. Most mining enterprises showed their willingness to stand firm on prices and not ship at prices lower than their psychological price. Faced with the price pressure from steel mills, traders' own profits were squeezed, and most of the resources were at high prices in the early stage, so they gave a lower price, resulting in a stalemate in the market supply and demand. Although the futures market has obviously risen, considering the serious losses of steel mills at present, the rise is hindered. Under the tight iron ore resources, it is difficult to reduce prices. Generally speaking, it is expected that the Tangshan market will remain stable in the near future.【SMM Iron Ore】

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.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn
According to SMM, the transaction in Tangshan area was bleak at the be - Shanghai Metals Market (SMM)