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SunSirs: Hot Spot of Iron Ore on October 31
November 01 2022 09:28:38()

The analysts of the Sunsirs believe that the fundamentals of strong iron ore supply and weak demand are likely to remain in November, and the expected policy of limiting production will be superimposed.

The downstream steel demand weakened in October, the whole market was pessimistic, and the outlook for the market outlook was not optimistic.

In the fourth quarter, overseas shipments are expected to increase, the port inventory may accumulate, and iron ore prices will be further under pressure. On the whole, the demand for iron ore has been significantly reduced.

It is expected that iron ore may continue to decline in November, and it will run weakly and fluctuate.

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