The hottest iron ore market high adjustment in Jun

2022-08-17
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In June, the high-level adjustment of the iron ore market

the steel hammer body is vertically fixed on the special fixture. At present, the steel market is in the high consolidation stage, and the profits are still attractive. Some small steel enterprises recklessly produce in order to make rich profits, resulting in chaos in the purchase of raw materials, which can play a supporting role in maintaining the high level of the iron concentrate market, especially in the northern region, The effect of steel plant pulling is obvious. The coke inventory of most steel mills in the South has been in a hurry, and resources are very tight. Therefore, most steel mills in the South control the inventory of iron concentrate powder relatively low, and the pace of procurement slows down, thereby curbing the rise in the market price of iron concentrate powder

in May, the iron ore market showed a high and volatile trend. On May 12, Sichuan suffered a catastrophic earthquake disaster, and the whole country was united in the earthquake relief, and most of the domestic transportation capacity supported the disaster areas. The transportation capacity of iron ore has been affected to a certain extent. The markets in various regions are slightly weak, and the transaction situation has always been unsatisfactory. The market prices in some regions have also declined. Among them, the weakening trend in Tangshan and some parts of Northeast China is obvious, but the price decline is limited. At the same time, the problem of imported ore pressing ports has become the focus of attention. In order to alleviate the situation of excess inventory of imported ore ports, the relevant government departments have issued a port dredging order to increase the cost of imported ore storage ports from June 1. Affected by this, the spot market price of imported ore has gradually declined

in June, the trend of the iron ore market will be affected by many uncertain factors, and the trend of domestic ore market will also show different operating conditions. It is reported that CISA said that before June 30, Chinese steel enterprises and Australian mining enterprises will complete the agreement price negotiation of imported iron ore, and the price setting will benefit both sides. Affected by this, the wait-and-see atmosphere in the imported iron ore market will be more obvious to give full play to the advantages of material carrying capacity. The oversaturation of port inventory will affect the weakness of the spot market of imported ore in a certain period of time, but then it will recover. It is expected that there is little possibility of sharp fluctuations in the iron ore market in June, the differences between regional markets have increased, and the overall market will enter a high-level adjustment state. The specific analysis is as follows:

first, due to mining restrictions, the raw ore price is difficult to have a callback, which supports the continuous high-level operation of the iron concentrate Market

in May, the increasing difficulty of mining has been highlighted. Although the relevant policies on the suspension of explosives and production safety management have not been officially introduced, the mine shutdown in the later stage has basically become a market consensus. The reduction of ore raw materials makes ore dressing enterprises with raw ore resources more reluctant to sell; The raw ore price is always at a higher price, so that the range of a single concentration plant to adjust the price of iron concentrate is also relatively limited. Therefore, the operational factors affecting the impact strength are as follows: the domestic iron concentrate market will continue to operate at a high level

second, the Olympic effect is gradually emerging, the steel production capacity is limited, affecting the demand for iron ore

the Olympic Games is approaching, and the six provinces and cities around Beijing have strengthened the inspection of iron and steel enterprises to eliminate backward production capacity, ensure safe production and environmental protection, especially in Hebei, which is most obviously affected. The local steel mills are expected to increase inventory reserves before the Olympic Games, and the short-term market will be affected to a certain extent. According to relevant reports, the output of small and medium-sized steel enterprises in Qian'an area has generally decreased by about 30% at this stage, because only in this way can they meet the requirements of environmental protection. Therefore, it is expected that the market of key Olympic projects in northern China will be temporarily closed, and the demand for iron ore raw materials will also be affected

III. The performance of iron ore markets in the South and north is different.

at present, the steel market is in a high consolidation stage, and the profits are still attractive. Some small iron and steel enterprises recklessly produce in order to make rich profits, resulting in chaos in the purchase of raw materials, which can play a supporting role in maintaining the high level of iron concentrate market, especially in the northern region, the effect of steel mills is more obvious. The coke inventory of most steel mills in the South has been in a hurry, and resources are very tight. Therefore, most steel mills in the South control the inventory of iron concentrate powder relatively low, and the pace of procurement slows down, thereby curbing the rise in the market price of iron concentrate powder

to sum up, it is difficult to change the general direction of keeping the iron ore market at a high level. Affected by the differences between the north and South regions of the steel market, the domestic iron ore market will also show different trends in June

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