Iron ore prices may fluctuate downward trend

Iron ore prices may fluctuate downward trend On December 6, the China Iron and Steel Association released data showing that at the end of November, China's iron ore price index (CIOPI) was 411.86 points, an increase of 21.12 points or a growth of 5.41% from the previous quarter, an increase of 1.77 percentage points from the previous month. China Steel Association said that in November, the weather gradually turned cold, steel demand showed a downward trend, steel prices have begun to decline slightly, affected by the increase in the price of imported iron ore, China's iron ore price index continued to rise, but the increase has narrowed than the chain . In the later period, as the domestic market enters an off-season demand, steel production will decline, and iron ore prices will fluctuate downward.

Among them, domestic iron ore price index was 336.69 points, up 5.25 points month-on-month, an increase of 1.58%, narrower than the previous month by 0.24 percentage points; imported iron ore price index was 452.87 points, an increase of 29.78 points, an increase of 7.04%. , narrowed by 2.61 percentage points from the previous month.

From the perspective of ore prices, at the end of November, domestic iron ore concentrate prices were 866.36 yuan per ton, a month-on-month increase of 13.49 yuan per ton, or an increase of 1.58%; imports of iron ore (crude ore) landed at 122.32 US dollars per ton, compared with Up 8.04 US dollars / ton, equivalent to *** price of 900.09 yuan / ton, the chain rose 57.63 yuan / ton, an increase of 6.84%, 4.26 percentage points higher than the domestic mine. From the situation in each week, the price trend of domestic iron ore concentrates and the trend of imported iron ore prices have deviated. Domestic iron ore concentrate prices rose in the first week and fell slightly for the third consecutive week. Prices in the fourth week were lower than those in the first week. 9.69 yuan/ton, a decrease of 1.1%, showing a week-by-week decline; imported iron ore (concentrate) prices rose in the first week, fell in the second week, continued to rise in the next two weeks, the fourth week price ratio The price was higher by US$4.53 per ton for the week, up by 3.85%, showing upward fluctuations.

The China Iron and Steel Association conducted an analysis of the price trend of iron ore in the later period. Since the steel prices in the domestic market rose first in November, the CSPI domestic steel comprehensive price index of steel associations increased slightly in the first two weeks and continued to decline in the last two weeks. It fell to 105.32 points at the end of the month, a decrease of 0.07 points or 0.07% from the previous month; According to the statistics of the iron and steel association ten-year report, the daily average output of crude steel for key large and medium-sized enterprises was 16.328 million tons in mid-season, which fell by 0.3% compared with the previous period. In addition, at present, most regions in China enter the off-season construction season. Demand decline will reduce steel production and demand for iron ore will decline. From January to October, China's pig iron production increased by 16.17 million tons year-on-year, while domestic domestic iron ore (raw ore) increased by 151.79 million tons in the same period, which could fully meet the national demand for pig iron production; however, imported iron ore was still imported year-on-year. An increase in the supply of iron ore in the market was more pronounced with 49.41 million tons. At the end of November, the inventory of imported iron ore ports fell to 80.66 million tons, which was still a relatively high level despite a decrease of 10.16 million tons.

According to the statistics of the Iron and Steel Association, from January to October, after the profits and losses of the member companies of the Iron and Steel Association were offset by a total of -52.23 billion yuan, the year-on-year change from a surplus to a loss, the annual turnover of the industry was arduous. In October, when the market demand situation improved and steel prices continued to rise, only a profit of 307 million yuan was realized. However, the steel business is still in a state of loss. The iron and steel association's summary data show that the average number of tons of benchmarking companies in October Steel profit is -58.48 yuan/ton. In the later period, as the weather turns cold, the demand for steel products will decrease, steel prices and steel production will also decline, and the iron ore prices will continue to rise and lack momentum, which will fluctuate downward.

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