On June 7, according to the analysis of Everbright Futures, from the perspective of supply and demand fundamentals, the supply side saw an increase in the shipments of Macau and Pakistan last week, and a decrease in the number of arrivals in Hong Kong.
On the demand side, the output of molten iron and port dredging decreased slightly, but the current output of molten iron is still at a relatively high level.
Port inventories have been destocked slightly, and steel mill inventories have repeatedly hit new lows.
Under the low inventory situation of iron ore, the price rebound is relatively large. It is necessary to pay attention to macro policies and downstream terminal demand. With long and short intertwined, it is expected that the price of iron ore will fluctuate repeatedly.
