Publicado: Jan 12, 2024 18:02
SMM Iron Ore Weekly Report: Looking ahead to next week, the overseas shipping volume of iron ore remains at a moderate level. However, the improvement in weather conditions has eased port congestion, leading to a potential significant increase in the volume of iron ore arrivals at ports. Port inventories continue to accumulate, increasing supply pressure. On the demand side, some blast furnaces are scheduled to resume production after maintenance, and as the Spring Festival approaches, steel mills are accelerating their restocking pace, which is expected to increase overall demand for iron ore and provide some support for ore prices. Considering that this year's winter storage agents have a generally low willingness to accept deliveries, and steel mills' profits are relatively low, which is suppressing the restocking volume, it is likely that steel mills' restocking before the holiday may not meet expectations. It is expected that the price of iron ore may fluctuate within a certain range next week...

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SMM Iron Ore Weekly Report: Looking ahead to next week, the overseas s - Shanghai Metals Market (SMM)