Domestic ore prices since mid-April all the way down, the industry chain parties to be significantly affected, traders have been away from the city, and beneficiation enterprises were shut down. Market gloom gloomy time node came under at the turn of June, accompanied by a series of favorable policies of the Development and Reform Commission to speed up the approval of major infrastructure projects, the central bank cut interest rates, oil prices down, ore market ushered in a wave of stage rally . Which typical representatives the Tangshan zunhua 66% wet basis does not tax the market t unit price rebound from 820 first-line to 850 above dressing enterprises still sealed library no signs from point and surface, the North's major iron ore producing areas, the seller asking price up, "to buy up not to buy or psychological driven, market activity improved rapidly.
Round of price strength to build on the control policy is driven above the fundamental real estate policy did not relent, the diminishing effect of the policy will gradually appear, so the prospects of the trend of the next phase of the ore market, the law of value will be more prominent. Brushed aside here the fog, regression ore market itself, from the following analysis.
First of all, look at the rhythm of steel procurement, since the ore price slump in the fourth quarter of 2011, combined with the background of the national monetary tightening, steel mills have reduced their own inventory cycle to minimize raw material inventory for liquidity occupied. The attendant problem is the demand for steel objective complement library has always existed, the end demand is relatively stable factors that restrict the ore price fall space.
Secondly, from the resource supply situation, along with the price strength, pre-independent mine two selected companies nearly shut down the situation has markedly improved the operating rate of recovery of the northern major mining processing plant. According to the research to know the Hanxing for plant to return to work rate over 8 percent more than 60 percent of Tangshan and Northeast markets. Small and medium-sized beneficiation enterprises accelerate the return to work process, is bound to increase the supply of market resources, weaken the bargaining power of supply-side, play a role in suppression of the next stage of the ore price strength.
Again, the view from the imported ore market in May, domestic iron ore imported 63.84 million tons, a new record. Prior to market expectations that India will enter the rainy season from June 1, shipments decreased significantly, while coming has been delayed because of India's rainy season, the actual shipments to reduce is not yet clear. In addition, the Australian mining lease tax bill will be held in July 1, Australian resource costs is bound to be significantly stronger. The next phase of the price of imported ore is equally difficult out of the unilateral market, steady shock partial forcing large probability event.
Finally, from the external influence factors, the domestic refined oil prices one after another down, to ease the beneficiation production and transportation cost pressures; However, in June a time when the busy season, some companies hired tension, the operating rate, or affected. In addition, poor weather conditions will impact on the market, still raining in southern China, high iron water content has always been no change, and the East China will enter the rainy season in June. The long and short of the external influence factors intertwined, and no decisive influence.
On the whole, we believe that iron prices in the second half of June to July, will show weak on the probe, downlink space is limited shock pattern, with negative purchase price down a series of leading steel in Baosteel, Wuhan Iron and Steel, Anshan Iron and Steel July The impact is gradually digested, analysts believe that a breakthrough opportunity still up in the 7-8 month period of domestic ore market.



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