Monthly Iron Ore Market Report Jul 2019

Prices of iron ore rose further in the first half of July as supply stayed tight in the spot market and steel mills in China maintained high operation rates.Asian Metal Copyright Iron ore demand decreased accordingly.Asian Metal Copyright Later with environmental protection pressure increasing in Hebei and other North China provinces, more blast furnaces were forced to shut down.Asian Metal Copyright And as import improved in July, iron ore inventory gradually increased at ports, depressing iron ore prices from rising further.Asian Metal Copyright Iron ore demand decreased accordingly.Asian Metal Copyright Later with environmental protection pressure increasing in Hebei and other North China provinces, more blast furnaces were forced to shut down.Asian Metal Copyright And as import improved in July, iron ore inventory gradually increased at ports, depressing iron ore prices from rising further.Asian Metal Copyright Prices of iron ore started moving down in the second half of July though supply was still a bit tight in the spot market.Asian Metal Copyright The continually increasing inventory of steel products in China pushed down prices of steel products, and then forced steel mills to try lowering production costs.Asian Metal Copyright Insiders mostly believe iron ore prices would apparently decrease in August when iron ore supply will improve further.Asian Metal Copyright Prices of iron ore started moving down in the second half of July though supply was still a bit tight in the spot market.Asian Metal Copyright The continually increasing inventory of steel products in China pushed down prices of steel products, and then forced steel mills to try lowering production costs.Asian Metal Copyright Insiders mostly believe iron ore prices would apparently decrease in August when iron ore supply will improve further.

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