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SunSirs: Iron Ore (Australia) Weekly Market Report (3.6-3.13)
March 13 2023 13:35:05()

On March 13, Sunsir's iron ore (Australia) benchmark price was 936.78 RMB/ton, an increase of 3.07% compared with 908.89 RMB/ton at the beginning of this month.

SunSirs data analysts believe that the traditional peak season for steel products continues, and the release of steel demand is expected to strengthen next week. The profits of steel mills are expected to continue to improve, and the inventory replenishment operation will continue. The fundamentals of supply and demand may continue to maintain a stable situation of strong supply and demand in the short term. Considering that the recent high-level operation of iron ore is likely to trigger macro-control, some traders have arbitrage shipment operations, and the port inventory remains high, which limits the upward trend of iron ore prices; Well, the demand for replenishment continues to release, which is good for the price of iron ore to rise. It is expected that next week iron ore may fall first and then rise, operating within a narrow range. In the later stage, pay attention to the production situation of steel mills and the actual demand of the downstream end of finished products.

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