playgamesandearnnft| De-inventory supports improvement in iron ore demand: marginal improvement in demand, and strong shocks are expected

News summary

Steel removal from warehouses supports iron ore demand wellplaygamesandearnnft, market sentiment is optimisticplaygamesandearnnft, iron ore prices are expected to fluctuate strongly. Iron ore continued to rise this week. Although molten iron output has declined, it is still expected that there is still a possibility of upward growth. In the short term, the port will accumulate pressure on the warehouse. It is necessary to be alert to the risk of weakening demand for molten iron.

Newsletter text

[The steel market is dominated by the speed of steel destocking] The iron ore market price showed an upward trend this week, and the main driving force is still the speed of steel destocking. As long as the decline in steel inventories remains strong, the market can withstand the resumption of production by steel mills, which in turn stimulates the growth of demand for iron ore.

Against the background of positive market sentiment, commodities generally rose, and the iron ore market also showed a volatile and strong trend.

Although molten iron output has dropped somewhat this week, considering the decline in steel inventories, molten iron output is still expected to have room for increase.

Currently, the market is paying attention to the production of molten iron and port inventories. The short-term pressure of increasing port inventories has had a certain impact on market sentiment.

The supply disturbance of iron ore is small, expectations of de-warehousing still exist, and market sentiment remains optimistic. It is expected that the iron ore market will remain volatile in the short term.

The stability of the steel de-warehousing pattern will provide growth momentum for molten iron output. In the short term, there will be cumulative pressure on the iron ore market, but the market sentiment is still good.

The cumulative pressure faced by port inventories requires investors to pay close attention to them in order to make timely investment decisions.

[Risk Warning] If demand for molten iron weakens, it may cause the iron ore market price to fall.

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