Source: Jin Lian Chuang Steel

Introduction language

Approaching the middle and late ten-day stageVideopokermobilegameMost steel mills have completed pre-festival replenishment actions, the market wait-and-see atmosphere has increased, short-term mineral prices to maintain high shock operation.

Author: Jin Lianchuang-Xu Cuiyun

The price of iron ore in the week is strong at first and then weak.

This week the domestic iron ore market is relatively strong, the week even iron futures market high shock, the market mood is still good, miners are selling at high prices. The mainstream mining enterprises in Shandong area produce normally, and most of the orders are mainly from Changxie steel enterprises; the level of mine inventory is low, and the mentality of raising prices at the supply side is obvious. Import mine market high shock, some steel mills have completed the pre-festival replenishment, port spot inventory continues to accumulate the trend. With the increase in coke prices, the profit area of steel mills is narrowing, and the demand for raw material procurement is cautious.

Keep the supply side high

From the point of view of the supply and demand side, first of all, the total amount of iron ore shipped from Australia and Pakistan in this period was 24.56 million tons, an increase of 5.37 million tons, or 27%, over the previous month.Videopokermobilegame.98% of the port arrival volume was 25.28 million tons, a month-on-month decrease of 1.39 million tons, or 5.5%. Foreign ore shipments rebounded to the middle high level, and the supply side maintained a relatively loose pattern.

This week, there were 147.59 million tons in 45 major port warehouses across the country, an increase of 2 million tons over last week, and 20.4 million tons at the beginning of the year, with a cumulative range of 17%, which is at a high level in the same period in recent years. From the perspective of seasonal trend, the iron ore reservoir began to show a trend of depletion in February in the past two years, but it continued to accumulate in reverse seasonality this year, and the trend has been maintained for 15 consecutive periods.

As of press time, the average daily output of sample hot metal was 2.262 million tons, an increase of 25000 tons from the previous month, or 1.11%. After entering the second quarter, under the influence of a gradual rebound in profits, some steel mills are willing to resume production, but there is still a gap in the overall pace of return to production compared with last year, and it is expected that hot metal production will maintain a weak recovery in the later period.

Short-term maintenance of concussion operation

Overall, the recent iron ore market to maintain a double increase in supply and demand, although hot metal production has increased, but at the same time the port inventory continues to accumulate. Some steel mills have completed the replenishment of the stock before the festival, and in the later stage, it is mainly based on the pace of on-demand procurement, and it is expected that short-term mineral prices may maintain high shock operation, and the shock range may be maintained between 112 and 124 US dollars / ton.