International iron ore price likely to decline slightly in August

The international iron ore index showed a continuous increase in July.Asian Metal Copyright25dt.Asian Metal Copyright The price of 62%min iron ore climbed up from USD116.75/dt CFR China the beginning of July to USD132/dt CFR China on July 19th, up by USD15.25/dt. The price increase slowed down from July 19th, and then declined by USD1/dt on 22nd.Asian Metal Copyright Influenced by the iron ore price fluctuation, the price of Chinese domestic steel products also peaked up in July.Asian Metal Copyright Influenced by the iron ore price fluctuation, the price of Chinese domestic steel products also peaked up in July.Asian Metal Copyright75dt CFR China the beginning of July to USD132dt CFR China on July 19th, up by USD15.Asian Metal Copyright At the same time, main steel mills raised ex-work prices to avoid loss of profit, while the transaction was far from expectation.Asian Metal Copyright The price of 62%min iron ore climbed up from USD116.Asian Metal Copyright The price hike lacks support from downstream industries, insiders tend to hold suspicious attitudes toward the phenomenon.Asian Metal Copyright75dt CFR China the beginning of July to USD132dt CFR China on July 19th, up by USD15.Asian Metal Copyright Asian Metal analysts forecast the price will show a slight downward trend in August.Asian Metal Copyright75dt CFR China the beginning of July to USD132dt CFR China on July 19th, up by USD15.Asian Metal Copyright