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my country's iron ore market prices are relatively strong in the short term

Entering July, as my country's steel demand enters the off-season and the rainy season, as well as the frequent environmental protection production restrictions, it will have a certain impact on the raw material end. On July 5th, Jinlianchuang Steel analyst Xu Cuiyun predicted that in July, my country’s iron ore market may still maintain range fluctuations, and the low point of the fluctuation range of the imported iron ore index may be at 192-200 US dollars/ton, or the high point. Between 205-215 US dollars / ton.

At present, my country's imported iron ore index maintains a high level of operation, which has formed a strong support for the iron ore market. The current 62% imported ore index is now at 217.31 US dollars/ton, an increase of 8.2 US dollars/ton from the beginning of June; Tianjin Port PB powder price reported 1505 yuan/ton, an increase of 112 yuan/ton from the beginning of June, an increase of 8.04%. According to Xu Cuiyun, as of July 5, the main iron ore futures I2109 opened at 1178 yuan/ton, closed at 1225 yuan/ton, settled at 1197 yuan/ton, up 64 or 5.51% from the previous trading day, holding 510,900 positions, and 18046 positions. .

   With the end of the centennial celebration of the founding of the party, steel mills will resume production soon, and market expectations are heating up, and even iron futures will expand. It is reported that the raw ore in Zaozhuang and Linyi is about to return to normal, and some processing plants in Shanxi have suspended production due to the lack of raw ore. It is expected that production will resume one after another at the end of July. On July 4, the prices of iron concentrates from major major mines developed in Shandong, Hanxing Minmetals, and Anhui increased, and iron ore traders sold them at a higher price. Some steel mills might consider increasing the amount of imported iron ore.

In terms of mine production, since BHP Billiton announced its first iron ore production in South Flank at the end of May, there has been more spot supply of Mike powder in the shipping market, and it is expected that the shipment volume in the third quarter will further rise, and the premium space of some mainstream fine ore resources will be affected. Certain pressure.

   In terms of market demand, construction site shutdowns in some large cities are still common, speculative demand is not strong, and most terminals are purchased on demand. The overall market performance is weak in supply and demand. At present, although the market mentality has picked up slightly, it is currently in a stage of weak summer high temperature demand, and the accumulation of finished timber inventory will continue.

   Xu Cuiyun analyzed that at present, my country's domestic iron ore market is supported by tight supply, and short-term iron ore prices are relatively strong. From the perspective of imported ore, the shipping volume of Australia-Pakistan iron ore has increased recently, and the shortage of mainstream medium-grade resources may be alleviated in the later period. It is understood that on July 2nd, most of my country's Tangshan iron and steel enterprises resumed production of blast furnaces and began to implement the new 30% production limit policy. Currently, the resumption of production blast furnaces are effectively resuming production in accordance with their respective production rhythms.

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