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Iron water production increases month-on-month; iron ore prices in the next period may fluctuate weakly
Looking ahead to next week, on the supply side, global iron ore shipments are expected to increase month-on-month, with port arrivals also rising. On the demand side, nationwide pig iron production is expected to rebound month-on-month. Regarding inventories, iron ore stocks at Port 47 are slightly decreasing. In summary, iron ore prices are likely to remain weak and fluctuate mildly in the upcoming period. (My Steel Network)