CICC Wealth Futures: Iron ore valuation lacks downstream demand support, caution is needed for downside risk

January to April iron ore import volume increased by 8% year-on-year, with supply remaining ample. Geopolitical disturbances persist, and premium support keeps ore prices near the annual high, but valuation lacks downstream demand support, so caution is needed for potential pullbacks. Opportunities for shorting on rallies can be monitored. (CICC Wealth Futures)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned