Iron Ore Market Report December 2015

Iron ore market stayed sluggish in December while downstream steel market kept running slow and most steel mills suffered great losses and cut their operation.Asian Metal Copyright In the second half of the month, rebounding prices in global markets pulled prices of imported iron ore in the spot market to return to its level at the beginning of the month.Asian Metal Copyright Demand of iron ore remained weakening as a result.Asian Metal Copyright Most participants are still pessimistic about the future market when they believe the iron ore market would stay slow due to increasing output and decreasing consumption in China, which may keep pressing iron ore prices at current low level or even to decrease again.Asian Metal Copyright Furthermore, imported iron ore inventory kept increasing and the huge supply pressed iron ore prices to move downward especially in the first half of the month when steel mills stayed away from rebuilding stocks.Asian Metal Copyright China’s domestic iron ore mines kept cutting production in the month but depressed by the much lower prices of imported iron ore, domestic iron ore mines had to lower their prices further to attract orders from downstream steel mills though they already suffered huge losses.Asian Metal Copyright China’s domestic iron ore mines kept cutting production in the month but depressed by the much lower prices of imported iron ore, domestic iron ore mines had to lower their prices further to attract orders from downstream steel mills though they already suffered huge losses.Asian Metal Copyright Furthermore, imported iron ore inventory kept increasing and the huge supply pressed iron ore prices to move downward especially in the first half of the month when steel mills stayed away from rebuilding stocks.Asian Metal Copyright In the second half of the month, rebounding prices in global markets pulled prices of imported iron ore in the spot market to return to its level at the beginning of the month.Asian Metal Copyright But the softening demand failed to push domestic iron ore prices to rebound.Asian Metal Copyright But the softening demand failed to push domestic iron ore prices to rebound.Asian Metal Copyright Furthermore, imported iron ore inventory kept increasing and the huge supply pressed iron ore prices to move downward especially in the first half of the month when steel mills stayed away from rebuilding stocks.Asian Metal Copyright Most participants are still pessimistic about the future market when they believe the iron ore market would stay slow due to increasing output and decreasing consumption in China, which may keep pressing iron ore prices at current low level or even to decrease again.

.Asian Metal Copyright Demand of iron ore remained weakening as a resultAsian Metal Copyright