[SMM Iron Ore Weekly Report] Looking ahead to next week, global shipments may fall back from highs. Additionally, due to the previous decline in shipments, port arrivals are also expected to decrease. On the demand side, according to SMM's blast furnace maintenance data, some blast furnaces are expected to resume production next week, and pig iron production is expected to stop declining and rebound. Furthermore, considering that steel mills will become more active in restocking after the New Year, iron ore spot prices are likely to receive some support. Iron ore prices are expected to continue fluctuating upward next week.

[SMM Iron Ore Weekly Report] Looking ahead to next week, global shipments may fall back from highs. Additionally, due to the previous decline in shipments, port arrivals are also expected to decrease. On the demand side, according to SMM's blast furnace maintenance data, some blast furnaces have production resumption plans next week, and pig iron production is expected to stop declining and rebound. Furthermore, considering that steel mills will become more active in restocking after the New Year, spot iron ore prices are likely to receive some support. Iron ore prices are expected to continue fluctuating upward next week.

[SMM Iron Ore Weekly Report] Looking ahead to next week, iron ore supply is expected to remain relatively stable, but the formation of Typhoon No. 13 may affect some domestic ports, with expected arrivals potentially declining. Meanwhile, although steel mill profits have improved, overall profit margins are still at a low level, leading to slow blast furnace resumptions and limited growth in hot metal output. Consequently, port inventories may decrease slightly. However, given the upcoming National Day holiday, steel mills' restocking demand may increase, and iron ore demand is still expected to grow. Despite some improvement in market sentiment, it remains pessimistic. Key focus for next week should be on changes in end-user demand, domestic macroeconomic data, and the impact of the Fed's interest rate cut on ore prices. Overall, it is anticipated that iron ore prices will have limited room for rebound next week, potentially oscillating within a range...

Iron ore prices continued to rise this week, with the average weekly spot price of mainstream varieties at ports rising by 13 yuan/ton.