Dec 27, 2021 08:08 AM (GMT+8) · EqualOcean
According to the Research Report of CICC on December 27, looking forward to next year, on the supply side, the profit space of mainstream mines is considerable, the price elasticity of supply is low, and the capacity replacement is progressing smoothly, the shipment may still increase. On the demand side, overseas iron ore demand may still increase slightly to offset the decline in domestic molten iron production. Global iron ore demand may be basically the same as this year. In the short term, the price may benefit from the expected improvement of downstream demand, but generally speaking, we believe that the supply and demand structure of iron ore will become more relaxed in 2022, and the supply gap will be significantly narrowed, so the price lacks the basis for a significant rebound.

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