Recently, the stock of iron ore market in decline, but overall, the stock is at a high level of The data show that the cut-off on the weekend, the country's 30 major ports in the total iron ore stockpiles at 95.71 million tons, a decrease of 140,000 tons the previous week, which is still high inventory areas. Qingdao Port as the China's largest iron ore imports to Hong Kong one of the recent backlog of Qingdao port iron ore is even more surprising. Iron ore inventory continues to decline, the market transactions can not be expanded, this strange phenomenon, a lot of business that is difficult to operate.
According to the report, on the 6th, the Platts index of 62% pb powder at $ 133, down $ 1. Port spot, now Tianjin, Hong Kong 63.5% India powder 1000-1010 $ / wet ton; Rizhao Port, 62% pb iron ore fines of 965-975 yuan / wet t; Qingdao Port, 63.5% Brazilian meal of 960-970 $ / wet ton; port The spot market continues steady. Recently, the domestic iron ore market were mixed, the overall market slightly fluctuate move. The operating pressure of the iron ore market is still evident in the case of weak steel market rebound.
Recently, I see the news that part of the steel mouth iron ore again backlog Chengshan, especially in Qingdao Port. It reflects the business, the whole terminal, iron ore piled around 15 million tons, piers connected office buildings are removed a heap of iron ore, it can not find can be released to do the yard ", it appears that the iron ore port accumulation of more serious cases. Some people may ask, not all say the recent iron ore report inventory in the fall you, why port iron ore will be piled into mountains? For the continuous decline of the recent iron ore inventory, we believe that, with imports of iron ore in April volume.
According to data from the General Administration of Customs, China's April imported 57.69 million tons of iron ore and concentrate, for a total of $ 8.009 billion, imports decreased by 8.24% compared with March. Although domestic demand for iron ore and there is no obvious expansion, but reduced total imports, so the overall inventory also will be reduced. However, due to demand the release of the domestic steel market is still relatively deserted, and the procurement of the steel mills for iron ore is also more lag to be relatively cautious procurement of steel mills and traders, and more to digest inventory, very few scale make up the inventory.
So, for the recent decline in the inventory does not mean that the iron ore market is warmer. Under normal circumstances, driven by the decline in iron ore inventory, port cargo rarely piled into mountains, why that domestic iron ore port will appear in these phenomena? Analysts believe that this is mainly because the steel market downturn due. Steel City remains in the doldrums, and the prices, which makes ore prices also fell sharply, by buying up not buying or psychological impact, steel mills purchase hesitation.
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