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Iron ore prices made up slightly after fluctuating narrowly this week, mainly because iron ore production continued to decline, and Hong Kong 47 iron ore stocks reached 160 million tons. At the same time, according to news, Simandou's first ship of iron ore was successfully shipped. Vale announced a year-on-year increase of 10 million tons of iron ore for the 2026 fiscal year. The macroeconomic situation was relatively calm during the week, with no disturbances in key macro-variables. Black continued the weak demand narrative.

Zhitongcaijing·12/07/2025 08:17:02
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Iron ore prices made up slightly after fluctuating narrowly this week, mainly because iron ore production continued to decline, and Hong Kong 47 iron ore stocks reached 160 million tons. At the same time, according to news, Simandou's first ship of iron ore was successfully shipped. Vale announced a year-on-year increase of 10 million tons of iron ore for the 2026 fiscal year. The macroeconomic situation was relatively calm during the week, with no disturbances in key macro-variables. Black continued the weak demand narrative.