亿电竞

Bulk Trade
The亿电竞平台 low season effect of domestic steel price is more obvious, and the亿电竞 price of imported iron ore is still high
Time: 2019/7/15 15:24:20

China亿电竞平台 Coal Resources Network comprehensive 2019-07-15 08:54:51

     

According to the亿电竞 latest report of "Xiben Shinkansen", a steel information organization, the亿电竞 prices of building materials and steel in some parts of the亿电竞 country fell sharply on July 12. Generally speaking, the亿电竞 off-season effect is more obvious, and it is difficult to enlarge the亿电竞 short-term demand. If the亿电竞 weathe亿电竞r clears up next week, the亿电竞 terminal demand may recover.


According to the亿电竞 report, affected by continuous rainy weathe亿电竞r, Shencheng building materials transaction this week did not have a large volume. Specifically, at the亿电竞 beginning of the亿电竞 week, the亿电竞 business mentality was weak and the亿电竞 market trading atmosphere was very light due to the亿电竞 downward shock of the亿电竞 period screw and steel billet; on July 9, the亿电竞 period screw rebounded, and the亿电竞 business mentality improved, and some low-level resources were traded back, but the亿电竞 total amount was still small; in the亿电竞 second half of the亿电竞 week, Shencheng continued to rain, with heavy rainfall in some areas, and the亿电竞 downstream construction was blocked, resulting in a low transaction.


From the亿电竞 perspective of inventory, on July 12, the亿电竞 reinforced steel inventory in Zhouhu was 324500 tons, with a decrease of 6400 tons on a weekly basis; according to the亿电竞 national inventory statistics, the亿电竞 reinforced steel inventory in major cities increased by 36500 tons on a weekly basis, and the亿电竞 wire rod inventory increased by 65700 tons on a weekly basis; the亿电竞 spiral steel inventory of major steel mills in China亿电竞平台 increased by 98000 tons on a weekly basis, and the亿电竞 wire rod stock increased by 52700 tons.


According to the亿电竞 report, China亿电竞平台's social steel inventory and steel mill inventory both increased in the亿电竞 week of July 12, which shows that under the亿电竞 influence of the亿电竞 off-season demand, the亿电竞 inventory pressure is increasing day by day. However, it is worth noting that the亿电竞 output rate of domestic steel mills has declined this week, which indicates that the亿电竞 effect of production restriction and maintenance is gradually emerging; however, in mid July, the亿电竞 domestic steel mills undergoing maintenance have increased, and the亿电竞 supply pressure may be relieved to some extent in the亿电竞 later stage, and the亿电竞 market is expected to shift from strong supply and weak demand to weak supply and demand pattern.


Since this year, the亿电竞 price of imported iron ore, which has attracted much attention, is still at a high level. As the亿电竞 main raw materials for blast furnace ironmaking, some steel mills normally replenish the亿电竞 warehouse as required. Most of the亿电竞 miners are in a good mood and the亿电竞 market quotation rises slightly. The亿电竞平台 price of imported ore market rose first and the亿电竞n fell this week. As of July 11, Platts' 62% iron ore index was $119.25/t, down $3.05/t on a weekly basis.


As of July 12, iron ore inventory of major ports in China亿电竞平台 was about 114.28 million tons, down 800000 tons compared with the亿电竞 end of last week, which had been reduced for the亿电竞 14th consecutive week. From the亿电竞 perspective of the亿电竞 shipping end, Brazil's non mainstream minerals have increased in recent years. Due to the亿电竞 fiscal impulse of Australia's FMG and BHP, Australia's and Brazil's foreign ore shipments have increased correspondingly, and the亿电竞 weekly volume of Hong Kong has increased by 210000 tons. From the亿电竞 demand side, due to the亿电竞 limited production in the亿电竞 north and rainy in the亿电竞 south, the亿电竞 domestic blast furnace operating rate was 79.92%, and the亿电竞 weekly ring ratio decreased by 0.23%, which was still higher than the亿电竞 same period level over the亿电竞 years. On the亿电竞 whole, the亿电竞 import ore shipment increased and the亿电竞 decline of port inventory slowed down.


Weak import trend is expected next week. The亿电竞平台 report also mentioned that although the亿电竞 soaring trend of iron ore has been curbed, it is difficult to make a substantial correction in the亿电竞 short term, and coke and scrap steel also show a rising trend, which means that the亿电竞 strength of steel price cost support has not been weakened.

 
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