By yesterday's downstream steel market crash affected the market pessimistic atmosphere intensified today imported iron ore market weakness fell. Quoted market prices of the outer disk is slightly lower, steady downstream of the spot market price of domestic ports. Downstream demand is low, the market is very deserted, turnover dropped to freezing.
Business feedback, external disk market slightly weaker part of the mainstream mine offer some decline, but traders in the hands of resources supported by cost factors, and offer little change. The same time, the purchase price of steel is low, the buyers and sellers is difficult to reach a consensus, leading to the market is almost no turnover.
Specific view, yesterday's market offer increase, especially in the Australian iron ore is the most obvious, and the price to return to reason. It is reported that 61.5% of Hebei, a trade Daily O powder; Southern Medical Trade Daily 62.5%, 62% and 58% O powder; Australia a mine turnover of a ship 75,000 tons 64.5% of South Africa, flour, the price decline; mine declare a boat PB powder spot trading platform; other points of the mainstream of fine ore offer more, but in the case of steel lower bid, the market traded poorly.
Domestic ports spot market, subject to external disk market weakness and the steel market crash, the market as a whole showed a certain weakness, part of the port a few varieties offer some decline. But also the cash resources of some of the resources of some port is tight, businesses cut prices sales reluctant, offer relatively strong.
Monitoring display, major port, Jing Tang Port, Lianyungang, Tianjin Port, Zhanjiang Port, Nantong Port, Beilun Port, Caofeidian port, Jiangyin Port and other ports some of the mainstream of fine ore offer both appear slight decline, decline in the 5-10 yuan / t, the port of Qingdao Port, Fangchenggang, Zhanjiang Port, Rizhao Port mainstream varieties offer are unchanged from the previous day.
Market transactions, although the overall offer of imported iron ore market decline, but this has not led to improvement in market transactions. In the steel market fell more significantly, the market mentality of the more pessimistic scenario, the demand for imported iron ore market to shrink further. Steel mills almost stopped buying individual steel stocks less than a small amount of replenishment can only count a drop in the bucket, but the market as a whole, have little effect.
Late ring in late June, the average daily output of crude steel fell 0.32 percent, but the current steel market supply and demand relationship is still not adjustable and steel market outlook is still not optimistic. This drag, the downward pressure on imported iron ore market, the late still continues to plumb possible.
Other News:
Steel imported iron ore market slumping vulnerable run
The Japanese government called on the national central banks continued to loose
NSK Bearings demolition
Three Shashi New detention detention of foreign invasion and fisheries staff
Assembly and Disassembly IKO bearings of the main points of the force
South China Sea Fleet live ammunition to destroy multiple batches of incoming mi
Obama cast the tax cut issue has been the Republican Party refused to start anot
INA joint inspection of the bearing damage analysis
