Iron Ore Imports Decline, Easing Supply Pressure with Volatile Profits

Publicado: Jan 7, 2025 09:29
According to the SMM imported ore cost-profit table, profits from imported ore were basically flat. This week, the total global iron ore shipments tracked by SMM reached 32.08 million mt, down 7.7% WoW. Among them, shipments from Australia totaled 18 million mt, down 7.7% WoW; shipments from Australia to China were 12.88 million mt, accounting for 71.6% of Australia's total shipments, with a slight decrease of 16.8% WoW. Shipments from Brazil were 7.62 million mt, with a marginal decline of 5.2% WoW. This week, shipments from Australia to China saw a significant drop, while Brazil's share of shipments to China increased substantially. Overall, imported ore supply declined, easing supply pressure. Considering the current pre-holiday restocking activities and the rebound in pig iron production, ore prices received some support. The downward space for iron ore is expected to be relatively small, and profits from imported ore are anticipated to remain volatile.

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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