Iron Ore Import Profits Edge Up Amid Fed Rate Cut, Market Expectations Rise

Publicado: Sep 20, 2024 09:45
According to the SMM import ore cost and profit statement, the profit of imported ore has increased slightly; yesterday's FOMC meeting announced that the Fed cut interest rates by 50 basis points, slightly exceeding market expectations. During the period from the announcement of the decision to Powell's speech, overseas markets generally reacted with exhaustion of positive factors, causing iron ore futures to fall slightly after the opening. However, in the short term, after the interest rate cut, it is positive for real estate and manufacturing. It also leads to an increase in market expectations for macroeconomic policies in the fourth quarter, driving the rapid rise of the disk. Driven by macroeconomics and the replenishment of inventory before the holiday, it is expected that the iron ore price will continue to rise and fluctuate in the short term, and the profit of imported ore may rise again.

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According to the SMM import ore cost and profit statement, the profit - Shanghai Metals Market (SMM)